alleryRefund of a mutilated note is made as a matter of:
AGrace
BGrant
CRight
DClaim
Answer & Solution
Correct answer: A. Grace
1. No one is entitled to recover such value as a right.
2. The Central Government must sanction the conditions.
3. The refund is then made as a matter of grace.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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