Module: General Practice
Q26: Which of the following statements regarding the monetary penalty for counterfeit notes are correct?
A penalty of ₹10,000 per instance is imposed for counterfeit notes detected in ATM dispensations.
A penalty of ₹10,000 per instance is imposed for wilful non-impounding of a detected counterfeit note.
The penalty for ATM dispensation also applies to White Label ATM Operators.
A penalty of ₹10,000 per instance is imposed for wilful non-impounding of a detected counterfeit note.
The penalty for ATM dispensation also applies to White Label ATM Operators.
✅ Correct Answer: D
A ₹10,000 penalty applies to ATM dispensation and non-impounding.
The RBI Rules on Counterfeit Notes enforce this strict fine to ensure accountability.
The RBI Rules on Counterfeit Notes enforce this strict fine to ensure accountability.