Module: General Practice
Q7: Penal measures for shortages in chest balances, shortages due to pilferage or frauds, and counterfeit banknotes detected in chest balances shall be taken on the basis of the prevailing ……..
✅ Correct Answer: B
Penal measures for shortages in chest balances / remittances, shortages due to pilferage / frauds, and counterfeit banknotes detected in chest balances / remittances are handled based on the prevailing "Scheme of Penalties". This scheme is separate from the T+0 rule used for delayed Currency Chest Reporting.