Question
Under Section 27 of the RBI Act, 1934, the Bank is
prohibited from doing what with bank notes that are torn, defaced or excessively spoiled?Solution
Section 27 provides that the Bank shall not re-issue bank notes which are torn, defaced or excessively spoiled. This ensures that only notes in fit condition remain in circulation. The provision works alongside Section 28, which deals with the recovery of notes lost, stolen, mutilated or imperfect, under which no person is entitled as of right to recover the value of such notes. The correct prohibition under Section 27 is against re-issuing torn, defaced or excessively spoiled notes.
Statement
Only a few Pumpkins are Apples
All Apples are Oranges
No Orange is a Pear
Conclusion
I. Some Pears are not ...
Statements:
All tomatoes are potatoes.
All potatoes are onions.
Conclusions:
I. Some potatoes are tomatoes.
II. All tomatoes are onions.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varian...
Statement : All times are distances.
All distances are trains.
All trains are averages.
No average is speed.
Conclusion:<...
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Only Tool is Screw
Some Tool is Nut
All Nut are Bolt
Conclusions:
I. All Nut can be Tool
II. All Screw can Bolt
Statements:
Some books are papers.
Some papers are newspapers.
Conclusions:
I. Some books are newspapers.
II. S...
Statement :Â Some letters are alphabets.
                              All alphabets are words.
Some ...
In the question below there are three statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
Statements:
No Graduation are MBA.
Only a few MBA are Convocation.
98% of Convocation are Degree.
100% Degree are BBA.
<...Statements: Some winters are summers.
All summers are springs.
All springs are seasons.
I. Som...
