Assertion (A) The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the Central and State Governments.
Reason (R) The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

A) (A) is correct, but (R) is not correct B) (A) and (R) are correct, but (R) is not the right explanation of (A) C) (A) and (R) both are correct and (R) is the right explanation of (A) D) (A) and (R) both are not correct

Answer & Solution

Correct Answer: Option B

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Assertion (A) The Reserve Bank of India is entrusted with the...

Assertion (A) The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the Central and State Governments. Reason (R) The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

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Related Questions on Banking and Financial Institutions

Assertion (A) The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the Central and State Governments.
Reason (R) The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.