| Direction: In each question below is given a statement followed by two or three courses of action numbered I, II and III. You have to assume everything in the statement to be true and on the basis of the information given in the statement decide which of the suggested courses of action logically follow(s) for pursuing. |
| 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: |
| I. The officers concerned in the commercial banks are to be suspended. |
| II. The RBI should be asked to stop giving such directives to commercial banks. |
A) None follow
B) Both follow
C) Only I follows
D) Only II follows
E) Either I or II follows
Correct Answer: A
Solution :
Explanation Option [a] is correct. The statement mentions that the commercial banks violate a directive issued by the RBL. The remedy is only to make the banks Implement the Act- So, none of the courses follows.
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