Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Home » RBI Note Exchange Rules –… » General Practice

✅ General Practice

Q1 Which of the following statements regarding bank branch facilities for notes and coins are correct? Q2 Which of the following statements correctly define the condition of currency notes? Q3 Consider the following statements: Q4 According to the Reserve Bank of India (Note Refund) Amendment Rules, 2018, why were amendments made to the Note Refund Rules, 2009? Q5 Soiled notes accepted by bank counters shall be accepted for payment of Government dues and for credit to public accounts, but in no case shall they be …… to the public as re-issuable notes. Q6 Which of the following statements regarding the rejection of notes under the Note Refund Rules (NRR) are correct? Q7 What procedure should bank branches follow for notes which are extremely brittle, charred, or inseparably stuck up together and cannot withstand normal handling? Q8 If a non-chest bank branch is unable to adjudicate mutilated notes, what is the maximum time limit that shall be informed to the tenderer as the probable date of payment? Q9 If a person lodges a complaint with a bank branch regarding note exchange and the bank does not respond, after what period can the complainant lodge a complaint with the Ombudsman? Q10 Which of the following statements regarding the adjudication and disposal of notes are correct? Q11 In addition to reporting to the RBI Issue Department, what action shall be taken if a large number of deliberately cut, torn, altered, or tampered notes are tendered? Q12 Consider the following statements: