Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q14: Dispensation of Counterfeit Notes through …… would be construed as an attempt to circulate the Counterfeit Notes by the bank concerned.

A
the ATMs
B
insured post
C
soiled note remittances
D
the Nodal Bank Officer
✅ Correct Answer: A
Dispensing fakes via ATMs is treated as an attempt to circulate by the bank.
The RBI Rules on Counterfeit Notes impose strict liability on banks for ATM quality.