Statement - Courses of Action

Logical Reasoning(Master )

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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:

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

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

Only I follows

Only II follows

Neither I nor II follows

Both I and II follow

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.

By: Deepak Dawra

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