CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Statement: Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year.
Courses of Action:
I. The officers concerned in the commercial banks are to be suspended.
II. The RBI should be asked to stop giving such directives to commercial banks.


A
Only I follows
loader
B
Only II follows
loader
C
Either I or II follows
loader
D
Neither I nor II follows
loader
E
Both I and II follow
loader

Solution

The correct option is A Neither I nor II follows
The statement mentions that the commercial banks violate a directive issued by the RBI. The remedy is only to make the banks implement the Act. So, none of the courses follows.

Logical Reasoning

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image