Which of the following are characteristics of a government promissory note:
(A) It is a promise of President of India or Governor of a state
(B) It is regulated by the Indian Securities Act, 1886
(C) They are not negotiable instrument
(D) They can be assigned without endorsement
Choose the correct answer from the options given below:
1
(A), (B) Only
2
(B), (C) Only
3
(B), (D) Only
4
(C), (D) Only