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GS PAPER III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Context: The theft to the tune of Rs 4.04 crore by a private security guard from the currency chest of Axis Bank in Chandigarh’s Sector 34 has put the affairs of currency chests in the spotlight.
What is currency chest? Which authority monitors it?
How is the loss recovered in case of a crime resulting in loss of cash?
What is the security arrangement for the chests?
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