A) Watermark is an embedded strip used as an anti-counterfeiting feature of banknotes.
B) Watermark is a partial printed numeral that appears complete when a note is held to light.
C) Watermark is a circulating banknote whose reverse depicts Khyber Pass.
D) Watermark is a paper-embedded security image visible when a note is held to light.
Answer: D
Explanation: Watermark is associated with a paper-embedded security image visible when a note is held to light.
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