Banking General Awareness Banking in India Question Bank Practice Questions - Banking in India

  • question_answer
    Which of the following statements is correct about soiled/mutilated note?

    A)  All banks are authorised to accept soiled notes across their counters and pay the exchange value

    B)  Banks are expected to offer this service even to non-customers

    C)  All public sector bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes

    D)  The RBI has also authorised all commercial bank branches to treat certain notes in 'two pieces' as soiled notes and pay exchange value

    E)  All of the above

    Correct Answer: E


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