PGLAW 2019 Panjab University Entrance Exam With Answers

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50.

Public Holidays Are Declared Under The

A: Civil Procedure Code

B: Indian Penal Code

C: Constitution Of India

D: Negotiable Instrument Act

The answer is: D

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Explanation

The holidays are declared under the Negotiable Instruments Act, 1981. They are usually applicable to Government departments more particularly to banks.The bank holiday in India is a public holiday which is declared specially for banks and other financial institutions. Bank holidays are declared by Central /state government under Negotiable Instrument Act.