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    Question

    Under Section 180, possession of counterfeit

    currency-notes or bank-notes becomes an offence only when:
    A The possession is without Government authorization Correct Answer Incorrect Answer
    B The person intends to use them as genuine or knows they may be used as genuine Correct Answer Incorrect Answer
    C The notes are recovered during investigation Correct Answer Incorrect Answer
    D The person has possessed them for more than 24 hours Correct Answer Incorrect Answer
    E The counterfeit is obvious to naked eye Correct Answer Incorrect Answer

    Solution

    Section 180 requires knowledge or reason to believe the note/coin is counterfeit and intent to use it as genuine for the offence to be constituted. 

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