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Question
The Reserve Bank of India carriers our state governments’ transactions in terms of the agreement entered into with them. As of now, such agreements exist between RBI and all the state governments except which of the following state government ?
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Solution
The correct option is A Sikkim
State Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments in terms of section 21 A of the Act. As of now, such agreements exist between RBI and all the State Governments except with the Governments of Jammu and Kashmir and Sikkim.
State Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments in terms of section 21 A of the Act. As of now, such agreements exist between RBI and all the State Governments except with the Governments of Jammu and Kashmir and Sikkim.
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