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

Q7: Which of the following statements about counterfeit note reporting are correct?

If 3 notes are detected, an FIR must be filed immediately.




If 6 notes are detected, they are forwarded immediately with an FIR.




The Nodal Bank Officer is responsible for forwarding the notes to the police.




A copy of all reports (consolidated or FIR) is sent to the bank's FNV Cell.
A
1 and 3 only
B
2, 3 and 4 only
C
1, 2 and 3 only
D
All of the above
✅ Correct Answer: B
FIRs are immediate only for 5 or more pieces; fewer require a monthly report.
The RBI Rules on Counterfeit Notes assign these specific reporting thresholds to the Nodal Bank Officer.