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This question belongs to Commerce Banking And Financial Institutions

Banking and Financial Institutions

?

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 & Solution

Correct Answer: Option B

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