Q1 Under which legislative act does the Reserve Bank of India (RBI) issue Master Directions on Counterfeit Notes, citing powers under Section 35A and Section 56? Q2 Which two entities are specified as having the authority to impound Counterfeit Notes? Q3 What method is mandated for examining banknotes tendered over the counter or received as bulk tenders at the back office for authenticity? Q4 Which of the following statements correctly describe the procedure for handling a note determined to be counterfeit? Q5 If Counterfeit Notes are detected in a tender received over the counter, no credit for the value of those notes is to be given to the customer's …… Q6 Which of the following statements regarding the acknowledgement receipt for a counterfeit note are correct? Q7 Which of the following statements about counterfeit note reporting are correct? Q8 To help identify people abetting the circulation of Counterfeit Notes, what are banks advised to do? Q9 The definition of 'counterfeiting' in which legislation also covers currency notes issued by a foreign government authority? Q10 If suspected foreign currency notes are received for opinion from police or government agencies, what is the prescribed course of action? Q11 Activity of production, smuggling or circulation of what specific item has been brought under the ambit of the Unlawful Activities (Prevention) Act (UAPA), 1967? Q12 Who must each bank designate, on a district-wise basis, to serve as the contact point for all Counterfeit Note detection related activities? Q13 Which of the following statements regarding the machine processing of banknotes are correct? Q14 Dispensation of Counterfeit Notes through …… would be construed as an attempt to circulate the Counterfeit Notes by the bank concerned. Q15 Detection of Counterfeit Notes in what type of remittances is liable to be construed as wilful involvement of the chest branches concerned in circulating Counterfeit Notes? Q16 What equipment are all bank branches or identified back offices required to be equipped with to facilitate the detection of Counterfeit Notes? Q17 What specific type of equipment must all currency chest branches be equipped with? Q18 Note Sorting / Authentication Machines used by banks must conform to the guidelines prescribed by the RBI and also the Indian Standards duly certified by the …… Q19 Where is each bank required to establish a Forged Note Vigilance (FNV) Cell? Q20 Which of the following statements regarding the functions of a bank's Forged Note Vigilance (FNV) Cell are correct? Q21 Which of the following statements about the reporting and administrative duties of a bank's Forged Note Vigilance (FNV) Cell are correct? Q22 Under the Prevention of Money Laundering (Maintenance of Records) Amendment Rules, 2013, to whom must Principal Officers of banks report information on cash transactions where Counterfeit Notes have been detected? Q23 Which of the following statements regarding penalties for counterfeit notes detected in soiled note remittances are correct? Q24 How is 'CPM' (counterfeit notes per million) calculated for a soiled note remittance? Q25 What are the correct penalties for counterfeit notes detected in a currency chest (CC) balance during an RBI inspection? Q26 Which of the following statements regarding the monetary penalty for counterfeit notes are correct? Q27 Which of the following statements regarding the preservation and disposal of Counterfeit Notes received back from police or courts are correct? Q28 Which of the following statements regarding bank staff training for Counterfeit Notes are correct? Q29 Information on the design and security features of all banknotes is provided to banks, which they may display prominently at branches for public information.