alleryWho acts as the Prescribed Officer for adjudicating notes?
AThe board secretary
BThe branch customer
CThe branch manager
DThe bank chairman
Answer & Solution
Correct answer: C. The branch manager
1. The officer in charge of accounts or cash also qualifies.
2. The role is defined for every branch.
3. The branch manager is a Prescribed Officer.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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