Currency chest balance will be periodically verified by

The correct answer is C. Both A and B.

The currency chest balance is periodically verified by both the bank’s own officials and RBI officials. This is done to ensure that the balance of currency in the chest is accurate and that there is no fraud or theft.

The

RBI officials are responsible for inspecting the currency chest on a regular basis. They verify the balance of currency and check for any signs of fraud or theft.

The verification of the currency chest balance is an important part of the bank’s security procedures. It helps to ensure that the bank’s money is safe and that there is no fraud or theft.

Here are some additional details about each option:

• Option A: Bank’s own officials. The bank’s own officials are responsible for the day-to-day management of the currency chest. They are responsible for counting the currency, recording the balance, and ensuring that the chest is secure.
• Option B: RBI officials. RBI officials are responsible for inspecting the currency chest on a
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  regular basis. They verify the balance of currency and check for any signs of fraud or theft.
• Option C: Both A and B. The currency chest balance is periodically verified by both the bank’s own officials and RBI officials. This is done to ensure that the balance of currency in the chest is accurate and that there is no fraud or theft.
• Option D: Officials of AG’s office. The officials of AG’s office are not responsible for verifying the currency chest balance.