Statement Exporters in the capital are alleging that commercial banks are violating a Reserve Bank o...........

Logical Reasoning(Master ) Statement - Courses of Action

Statement: Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year.

Courses of Action:

The officers concerned in the commercial banks are to be suspended.

The RBI should be asked to stop giving such directives to commercial banks.

Only I follows

Only II follows

Either I or II follows

Neither I nor II follows

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Explanation:

Answer: Option D
Explanation:
The statement mentions that the commercial banks violate a directive issued by the RBI. The remedy is only to make the banks implement the Act. So, none of the courses follows.

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