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

Q2: Which two entities are specified as having the authority to impound Counterfeit Notes?

A
All banks and Issue Offices of RBI
B
All banks and the National Crime Records Bureau (NCRB)
C
Issue Offices of RBI and the Financial Intelligence Unit-India (FIU-IND)
D
All banks and local Police authorities
✅ Correct Answer: A
The authority to impound notes is exclusively given to all banks and the Issue Offices of RBI.
This restriction is a core component of the RBI Rules on Counterfeit Notes to ensure centralized control.