Counterfeit Notes Quiz

The Counterfeit Notes can be impounded by..

• Issue Offices of Reserve Bank of India only

• All Treasuries and Sub-Treasuries only

• By Banks Only

• All of the above

Which among the following are the objectives of Clean Note Policy?

• (a) To provide clean bank notes and coins to public

• (b) Timely withdrawal of soiled and mutilated notes from the circulation

• (c) Facilitating circulation of counterfeit bank notes.

• {a) and (b) only

• All of the above

FICN full form ?

• Fraud Indian Currency Notes

• Fraud identified Currency Notes

• Fake Indian Counterfeit Notes

• Fake Indian Currency Notes

Notes determined as counterfeit shall be impounded a stamped as .....................and it shall be recorded in a separate register.

• "COUNTERFEIT BANKNOTE"

• "FAKE NOTE"

• NOT ISSUABLE NOTE

• CROSSED

For cases of detection of 5 Counterfeit Notes in a single transaction, the Counterfeit Notes ...

• should be sent to the Issue Office of the Reserve Bank

• Should be returned to Customer

• should be sent to the police authorities at the end of the month.

• forward to the local police Station by filing FIR

Notes cut in _____ pieces with all parts intact are to be treated as soiled notes

• 3
• 2
• 4
• 5

It is Rs 100 denomination cut in multiple pieces, largest piece with 49 % of the area is present. how much value will be paid?

• Full
• Twnty five percent
• Half
• NONE OF THE ABOVE

It is Rs 500 denomination cut into 2 pieces, large piece is 79 % of the area, another portion is 21%. how much value will be paid?

• Full
• Twnty five percent
• Half
• NONE OF THE ABOVE

Suppose a note is of Rs 20 denomination and presented before you in more than 2 pieces. Portion of note is missing. Available largest portion is more than 55%. How much will you refund?

• 20

• 10

• 5

• Zero

Where the number of Soiled notes presented by a person is up to ____ pieces with a maximum value of ₹ _____ per day, banks should exchange them over the counter, free of charge.

• 50 and 2000
• 20 and 5000
• 10 and 50000
• 50 and 30000