Consider the following statements.
Assertion (A): RBI 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.
Reasoning (R): The Governor and the Deputy Governors of RBI are appointed by the Central Government solely for the purpose in assertion.
A. (A) is correct but (R) is not correct
B. (A) and (R) both 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: Option B
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
Join The Discussion