A. But, clearly, the government still has the final say.
B. In the past few years, the Reserve Bank of India might have wrested considerable powers from the government when it comes to monetary policy.
C. The RBI's announcements on certain issues become effective only after the government notifies them.
D. Isn't it time the government vested the RBI with powers to sanction such changes, leaving their ratification for later?
(CAT 1997)
A. But, clearly, the government still has the final say.
B. In the past few years, the Reserve Bank of India might have wrested considerable powers from the government when it comes to monetary policy.
C. The RBI's announcements on certain issues become effective only after the government notifies them.
D. Isn't it time the government vested the RBI with powers to sanction such changes, leaving their ratification for later?
(CAT 1997)
The correct option is C BACD
Option (c) (B) Begins the passage stating RBI wrested considerable powers from government. (A) Tells govt. Still acquires power. (C) Explains the significance of govt. notification at RBI announcement. (D) Questions his state of affairs.
Note that option (c) can be marked directly because only "B" can be the starting sentence as every other sentence has only the short form of Reserve Bank Of India (RBI). Hence, the starting sentence can only be "B"
Option (c)
(B) Begins the passage stating RBI wrested considerable powers from government. (A) Tells govt. Still acquires power. (C) Explains the significance of govt. notification at RBI announcement. (D) Questions his state of affairs.
Note that option (c) can be marked directly because only "B" can be the starting sentence as every other sentence has only the short form of Reserve Bank Of India (RBI). Hence, the starting sentence can only be "B"
