Currency Note containing political slogan is not a legal tender as per ________.
A
legal tender (Inscribed Notes) act
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B
negotiable instruments act
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C
reserve bank of India act
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D
none of the above
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Solution
The correct option is A legal tender (Inscribed Notes) act
According to the RBI guidelines, these notes cannot be re-issued to the public. Also notes that bear slogans or political messages "cease to be a legal tender" and cannot be exchanged or deposited at a bank.