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Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

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?

A
Chest remittances
B
Over-the-counter remittances
C
Public tender remittances
D
Inter-bank remittances
✅ Correct Answer: A
Detection in Chest remittances suggests wilful involvement.
The RBI Rules on Counterfeit Notes penalize chest branches heavily to ensure the integrity of the currency distribution system.