CURRENT AFFAIRS QUIZ - 2019
Which Committee was set up by RBI to review the entire gamut of security of treasure in transit in 2016?
A)
Committee on Currency Movement
B)
N K Singh Committee
C)
Committee to Review the ATM
D)
Committee on Economic Capital Framework

Correct Answer : Option (A) - Committee on Currency Movement

Note : The Reserve Bank of India (RBI) asked the banks to grout Automated Teller Machines (ATMs) to a wall, pillar, or floor by September 30, 2019 in order to mitigate risks in ATM operations and increase security. Exceptions were given to the ATMs installed in high secured premises such as airports as they have adequate CCTV (Closed Circuit Television) coverage and are guarded by state/central security personnel. The measure was adopted by the RBI after the recommendations made by the Committee on Currency Movement (CCM) under the chairmanship of DK Mohanty which was formed in 2016. All the ATMs will be operated for cash replenishment only with digital One Time Combination (OTC) locks.