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Counterfeit Notes Quiz

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

The Counterfeit Notes can be impounded by..

a)

Issue Offices of Reserve Bank of India only

b)

All Treasuries and Sub-Treasuries only

c)

By Banks Only

d)

All of the above

2.

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

a)

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

b)

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

c)

(c) Facilitating circulation of counterfeit bank notes.

d)

{a) and (b) only

e)

All of the above

3.

FICN full form ?

a)

Fraud Indian Currency Notes

b)

Fraud identified Currency Notes

c)

Fake Indian Counterfeit Notes

d)

Fake Indian Currency Notes

4.

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

a)

"COUNTERFEIT BANKNOTE"

b)

"FAKE NOTE"

c)

NOT ISSUABLE NOTE

d)

CROSSED

5.

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

a)

should be sent to the Issue Office of the Reserve Bank

b)

Should be returned to Customer

c)

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

d)

forward to the local police Station by filing FIR

6.
Notes cut in _____ pieces with all parts intact are to be treated as soiled notes
a)
3
b)
2
c)
4
d)
5
7.

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

a)
Full
b)
Twnty five percent
c)
Half
d)
NONE OF THE ABOVE
8.

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?

a)
Full
b)
Twnty five percent
c)
Half
d)
NONE OF THE ABOVE
9.

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?

a)

20

b)

10

c)

5

d)

Zero

10.

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.

a)
50 and 2000
b)
20 and 5000
c)
10 and 50000
d)
50 and 30000
11.

Counterfeit Note should be preserved by the branch concerned for ________ after conclusion of the court case / received from Police Authorities

a)

three months

b)

three years

c)

six months

d)

six years

12.

Mutilated notes can be exchanged by ________

a)

Only in Currency Chest Branch

b)

Only in Treasury Branch

c)

Any Branch who deals with Cash

d)

Can be changed in RBI only

13.

What is microlettering?

a)

Tiny text that is printed on the paper.

b)

Raised text that is printed on the paper.

c)

A special 3D picture made with lasers.

d)

A faint image that is embedded in the paper.

14.

Rs. 500 Notes (New) Series, has which motif on the reverse,

a)

Motif of Mangalayan

b)

Red Fort with the Indian flag.

c)

Motif of RANI Kl VAV

d)

Motif of Sanchi Stupa

15.

Which feature on Indian currency notes can be felt or detected by touch ?

a)

watermark

b)

Intaglio Printing

c)

Micro-Lettering

d)

CSI

16.

What  does the latent image on Indian currency notes depict?

 

a)

The RBI Emblem

b)

Ashoka Piller

c)

the Note's Denomination

d)

Mahatma Gandhi portrait

17.

what is in-scripted  in the windowed  security thread  in Indian Currency  Notes?

a)

RBI

b)

भारत

c)

India

d)

भारत & RBI

18.

Rs.100 Notes (New) Series, has which motif on the reverse,

a)

Motif of Mangalayan

b)

Red Fort with the Indian flag

c)

Motif of RANI KlVAV

d)

Motif of Sanchi Stupa

19.

Which of the following is not present on back side of 500 notes -  Mahatma Gandhi (New) Series ?

a)

Windowed security thread with inscriptions

b)

The year of printing

c)

Swachh Bharat logo

d)

15 language panel

20.

Which which of the following notes are not eligible for exchange?

a)

soiled currency note

b)

mutilated currency note

c)

two-piece tape-pasted currency note

d)

political slogans written Notes

21.

Notes which are badly burnt, charred or inseparably stuck up together and, therefore, cannot withstand normal handling shall be accepted by ....

a)

All Branches

b)

Specilized Branches

c)

Issue Office of RBI

d)

SBI Currency chest

22.

what is the note displayed in image? and the value ?

a)

Mutilated Note; Rs. 10

b)

Soiled Note; Rs. 10

c)

Mutilated Note; Rs. 5

d)

Soiled Note; Rs. 5

23.

Penalty for Cash-out at any ATM of more than ten hours in a month ?

a)

₹ 5,000/- per ATM

b)

₹ 10,000/- per ATM

c)

₹ 25,000/- per ATM

d)

₹ 50,000/- per ATM

24.
a)

Rs. 500

b)

Rs. 250

c)

Nil

d)

Rs. 200

25.

Which of the following are Security features of Indian Currency note ? (Choose multiple answers)

a)

watermark

b)

Bleed lines

c)

Latent image

d)

Year of printing

e)

Security Thread

26.

_______ is the legal process of deciding the value of a mutilated note against a claim.

a)

Clean Note

b)

Adjudication

c)

Exchange

27.

What is the Penalty for denial of service in context of exchange of Soiled / Mutilated Notes in the  first instance?

a)

Rs. 5,000

b)

Rs. 10,000

c)

Rs. 50,000

d)

Rs. 5,00,000

28.

Value of the Note ?

a)

500

b)

250

c)

125

d)

Zero

29.

Two - piece tape pasted note; Value of given note ?

a)

10

b)

5

c)

Zero

d)

Can't Decide

30.

Value of the given 500 rupees note ?

a)

500

b)

250

c)

125

d)

Reject