Module: General Practice
Q21: Which of the following statements about the reporting and administrative duties of a bank's Forged Note Vigilance (FNV) Cell are correct?
It must send a monthly data report (or "Nil" report) on detected notes to the RBI Issue Office.
It must submit a half-yearly status report to the Chief General Manager, Department of Currency Management, RBI.
It must furnish the particulars of its address to the RBI by the 15th of April, every year.
It must send an immediate report to the local police for every detected note.
It must submit a half-yearly status report to the Chief General Manager, Department of Currency Management, RBI.
It must furnish the particulars of its address to the RBI by the 15th of April, every year.
It must send an immediate report to the local police for every detected note.
✅ Correct Answer: B
Reporting includes monthly data and half-yearly status reports.
The RBI Rules on Counterfeit Notes require these specific periodic updates to maintain compliance.
The RBI Rules on Counterfeit Notes require these specific periodic updates to maintain compliance.