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

Q9: The definition of 'counterfeiting' in which legislation also covers currency notes issued by a foreign government authority?

A
The Unlawful Activities (Prevention) Act (UAPA), 1967
B
The Banking Regulation Act, 1949
C
The Bharatiya Nyaya Sanhita, 2023
D
The Reserve Bank of India Act, 1934
✅ Correct Answer: C
The Bharatiya Nyaya Sanhita, 2023 covers foreign currency counterfeiting.
While not directly part of the banking act, the RBI Rules on Counterfeit Notes reference this for legal definitions and Banking Regulation Act Compliance.