Module: General Practice
Q65: Which of the following is NOT a correct procedure when an Authorized Person (AP) detects a Counterfeit Note tendered by a customer?
✅ Correct Answer: C
1. Strict Prohibition: An AP must NEVER return a counterfeit note to the customer.
Doing so allows the fake currency to re-enter circulation, which is a criminal offense.
2. Correct Procedure: Impound: Confiscate the note immediately (Option A). Stamp: Brand it with "COUNTERFEIT BANKNOTE" to render it unusable (Option B). Receipt: Issue a prescribed acknowledgement receipt to the tenderer (Option D). Report: Report to the Police/Nodal Officer depending on the quantity (e.g., if >4 pieces, FIR is mandatory).
Doing so allows the fake currency to re-enter circulation, which is a criminal offense.
2. Correct Procedure: Impound: Confiscate the note immediately (Option A). Stamp: Brand it with "COUNTERFEIT BANKNOTE" to render it unusable (Option B). Receipt: Issue a prescribed acknowledgement receipt to the tenderer (Option D). Report: Report to the Police/Nodal Officer depending on the quantity (e.g., if >4 pieces, FIR is mandatory).