Q21 Consider the following statements regarding the "CCSR" framework introduced by the RBI in August 2025 to replace the legacy batch clearing system: Q22 With reference to the operational windows defined for the Cheque Continuous Clearing system, consider the following statements: Q23 Identify the correct combination of rules regarding the "Deemed Approval" mechanism in the Continuous Clearing environment: Q24 Under the Continuous Clearing framework, how frequently are the "Settlement Batches" run by the Clearing House to finalize the net positions of participating banks? Q25 Scenario: A corporate customer presents a high-value cheque at 3:55 PM on a Wednesday. The Presenting Bank uploads the image at 3:58 PM (just before the 4:00 PM cutoff). The Drawee Bank receives the image at 4:05 PM. When does the "T+3" processing window expire, and when will the funds settle? Q26 Which of the following statements regarding the grounds and procedure for the dishonour of cheques are correct? Q27 The Reserve Bank of India mandates specific discipline protocols for "High Value" clearing. Which of the following statements accurately reflect these rules? Q28 If a cheque is lost in transit or during the clearing process, the bank is liable to compensate the customer in which of the following ways?