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Multiple Choice Questions

Essentially RBI is a full service central bank which is different from central banks in advanced eco...........

English (CUET) Sentence Completion

Essentially RBI is a full service central bank which is different from central banks in advanced economies; this was stated by former governor Duvvuri Subbarao in reference to RBI playing many roles from the monetary authority, regulator of the banking, non-banking systems and payment and settlement systems among others; The RBI has enormous presence in public policy space and needs to be transparent; RBI should also communicate the rationale of its policy measures in a credible manner.

Despite RBI's enormous presence in public policy space, as stated by former Governor Duvvuri Subbarao, it needs to be transparent as well as communicate the rationale of its policy measures in a credible manner and function as a full service central bank which is different from central banks in advanced economies.

RBI is essentially “a full service central bank,” unlike central banks in advanced economies (AEs), as was eloquently argued by former Governor Duvvuri Subbarao, who also stated that due to RBI's enormous presence in the public policy space, it is required to not only be transparent of its actions, but also communicate the rationale of its policy measures in a credible manner.

RBI should have an enormous presence in public policy space and to do that it needs to be transparent and communicate policy rationale in a credible manner, as discussed by former governor Duvvuri Subbarao who further stated that RBI is essentially “a full service central bank,” unlike central banks in advanced economies (AEs).

As per former governor Duvvuri Subbarao, RBI is alike central banks in advanced economies in that it is a full service central bank and thus due to RBI's enormous presence in the public policy space, it is required to not only be transparent of its actions, but also communicate the rationale of its policy measures in a credible manner.

None of these

Explanation:

Correct answer is (b). Statement A is contextually wrong – ‘..Despite RBI's enormous presence in public policy space, as stated by former Governor Duvvuri Subbarao, it needs to be transparent..’.
Statement C too interprets the original sentence incorrectly – ‘..RBI should have an enormous presence in public policy space and to do that it needs to be transparent and communicate policy rationale in a credible manner..’. Statement C – ‘..RBI is alike central banks in advanced economies..’ is incorrect. Statement B is correct and stats everything right grammatically as well as contextually. Hence, option B is the correct answer.

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