I think it's a grey area.
1) That question implies removed for cause, ie at-fault or at the very least until an investigation was completed.
2) In the civilian world pilot qualification/certification is essentially totally separated from medical certification. Employment law (in the US) really does not even allow an employer to ask a question about your past medical history. About the only exception is that an airline employer can give you an FAA 1C medical exam to verify that you meet the standards. The latter should be a pass/fail test, and the medical details should be handled by a doc and compartmentalized from the hiring decision makers, ie all they know is that you passed a 1C.
I personally would not check the box. If you did it would be very easy to explain away at an interview, HOWEVER getting called for the interview is driven by the boxes you check so it could set you back in that regard.