Multiple choice

Currency chest balance will be periodically verified by

  1. bank's own officials

  2. RBI officials

  3. both (A) and (B)

  4. officials of AG's office
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Currency chests maintained by banks are subject to periodic verification by both the bank's own internal officials and officials from the Reserve Bank of India. This dual verification system ensures accountability, proper maintenance of cash balances, and adherence to RBI guidelines regarding currency chest operations.

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