Q24: How is 'CPM' (counterfeit notes per million) calculated for a soiled note remittance?

(No. of counterfeit notes in ₹100 and above X 1,000,000) / Number of pieces in the remittance in all denominations

(No. of counterfeit notes in ₹100 and above X 1,000,000) / Number of pieces in the remittance in ₹100 and above

(Total notional value of counterfeit notes X 1,000,000) / Total value of the remittance

(No. of all counterfeit notes X 1,000,000) / Total number of pieces in the remittance

✅ Correct Answer: B

CPM focuses specifically on denominations of ₹100 and above.

The RBI Rules on Counterfeit Notes use this formula to calculate the density of fakes in high-value remittances.

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