Module: General Practice
Q12: Consider the following statements:
Assertion (A): Regional or Zonal Managers of banks must pay surprise visits to branches to report on compliance with note exchange facilities.
Reason (R): Any non-compliance with the issued instructions shall be viewed as a violation and will attract penalties.
Reason (R): Any non-compliance with the issued instructions shall be viewed as a violation and will attract penalties.
✅ Correct Answer: B
Both statements are true distinct provisions within RBI Note Exchange Rules.
Managers must conduct surprise visits to ensure compliance.
Separately, non-compliance attracts penalties.
Surprise visits verify adherence to the Soiled Note Definition and exchange standards mandated by RBI Note Exchange Rules.
Managers must conduct surprise visits to ensure compliance.
Separately, non-compliance attracts penalties.
Surprise visits verify adherence to the Soiled Note Definition and exchange standards mandated by RBI Note Exchange Rules.