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Principle: Whoever tenders to any other person counterfeit coins or currency which he knows to be counterfeit, commits an offence.
Factual Situation: A was an employee in a private company. One day while depositing some money at the bank, handed over to him by the company's cashier, the bank's cashier identified a 100 rupee note as counterfeit and returned it to A. Then A went to a hotel, ordered lunch and handed over the counterfeit 100 rupee note at the hotel so as to get rid of it. The hotel manager identified the note as counterfeit and informed the police.

Principle: Whoever tenders to any other person counterfeit coins or currency which he knows to be counterfeit, commits an offence.
Factual Situation: A was an employee in a private company. One day while depositing some money at the bank, handed over to him by the company's cashier, the bank's cashier identified a 100 rupee note as counterfeit and returned it to A. Then A went to a hotel, ordered lunch and handed over the counterfeit 100 rupee note at the hotel so as to get rid of it. The hotel manager identified the note as counterfeit and informed the police. Correct Answer A is guilty as he tried to pass on a counterfeit note knowing it to be fake

Related Questions

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
A beggar went to a bank to deposit his savings of Rupees 175. All his savings were in the form of one, two and five rupees coins. If the two rupee coins were double the one rupee coins and triple the five rupee coins, then what is the number of five rupee coins?
Mohan pays a shopkeeper a total of 35 coins in 1 rupee and 2 rupee coins in the ratio 2 : 5. If by mistake he gave the shopkeeper 5 rupee coins instead of 2 rupee coins. How many five rupee coins he should receive back from the shopkeeper.
Meeta wants to collect only Rs. 2 coins, Her mother gave her an old piggy bank and asked her to exchange all money to get Rs. 2 coins. When she opened the piggy bank she found 2 notes of Rs. 100, 3 notes of Rs. 20, 10 notes of Rs. 10, 50 coins of Rs. 5, 77 coins of Rs. 1 and 98 coins of Rs..0.50 paise. How many Rs. 2 coins she can get in exchange for this money?
A person has 45 coins of 50p, 1 rupee, and 2 rupee coins in ratio 6: 2: 1. Which of the following combinations will yield the same amount of total money if a person has 25p, 50p, and 1 rupee coins. (the order of is 25p, 50p, and 1 rupee and the total number of coins).
A person has 1 rupee and 2 rupee coins in the ratio 5 : 7. The total value of these coins is 95. By what value the number of 1 rupee coins should be exchanged with that of 2 rupee coins so that the total worth of these coins is Rs. 105.
Rita and Meeta both are having lunch boxes of a cuboid shape. Length and breadth of Rita's lunch box are 10% more than that of Meeta's lunch box, but the depth of Rita's lunch box is 20% less than that of Meeta's lunch box. The ratio of the capacity of Rita's lunch box to that of Meeta's lunch box is :
A person has two piggy banks. The ratio of Rs. 1, Rs. 5 and Rs. 10 coins in the first piggy bank is 23 : 12 : 7 and in the second piggy bank the ratio of Rs. 2, Rs. 5 and Rs. 10 coins is 17 : 16 : 11. If both the piggy banks together have Rs. 160 in the denomination of Rs. 1 and Rs. 2. In the first piggy bank the total value of the coins of denomination of Rs. 10 is Rs. 60 more than the second piggy bank. Then how much money is there in both the piggy banks?
A bag contains Rs. 420 in the form of 5 rupee, 2 rupee, and 1 rupee coins. The number of coins of 5 rupee, 2 rupee, and 1 rupee is in the ratio of 2 : 3 : 5. What is the total number of coins in the bag?
During a meeting, seven managers of a company are seated around a circular table. It is known that: T is not the finance manager and is seated to the left of S, a production manager. R is seated between Q and S and he is a quality control manager. The finance manager is seated to the right of Q. V is seated to the right of the finance manager. U an operations manager is seated between V and T. The managers are identified as P, Q, R, S, T, U and V. The finance manager is seated how far from the operations manager?