CURRENT AFFAIRS

2018

 Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Reserve Bank of India has announced that the undivided area of the single largest piece of a damaged Rupee.2, 000 note must be _________ square cm for a full refund.
 A 88 B 44 C 78 D 39
Explanation:

Detailed explanation-1: -For a full refund of a damaged Rs 2000 note, the undivided area of the single largest piece of the note must be at least 88 square cm, and 44 square cm for half refund. The Rs 2000 note is 109.56 square cm in dimension.

Detailed explanation-2: -For the full refund on a damaged or torn Rs 2000 note, its single largest piece must have a minimum 88% undivided area of the original dimension of the notes. 44% is required for the getting half the value of the note.

Detailed explanation-3: -Conditions to exchange damaged currency notes-RBI rule A 44sqcm of Rs 2, 000 note will get a half refund and 88 sqcm will yield a full exchange return. Similarly, 78 sqcm part of a torn Rs 200 bank note will be fully refunded, while 39 sqcm will give a half return.

There is 1 question to complete.