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Question

The Reserve Bank of India has asked all the banks to install "Note Sorting Machines" in the branches. How will this help banks and the general public?
A. The machines will check for counterfeit notes and drop these from circulation.
B. This will help banks to count the notes quickly and accurately.
C. This will help in sorting out soiled notes so that they are not reissued by the banks.

A
Only (A)
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B
Only (C)
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C
Only (A) and (B)
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D
All of above
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Solution

The correct option is A All of above
The Reserve Bank of India has asked all the banks to install "Note Sorting Machines" in the branches. It is useful in multi-counting notes. Benefits of 'note sorting machines" to banks and the general public are:
A. The machines will check for counterfeit notes and drop these from circulation.
B. This will help banks to count the notes quickly and accurately.
C. This will help in sorting out soiled notes so that they are not reissued by the banks.

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