question_answer

Direction: In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningful. For a change, the Reserve Bank of India (RB I) (26) as market agents (27) it to, and did not change its policy rate from its current level of 8 per cent. Except that it has made its policy rate more of a signalling instrument and less of a means of accessing money from the RBI at that rate. The amount that banks can borrow from the RBI at the repo rate. which is set by the central bank, has been halved while the amount that banks can borrow (28) term rcpos, where the rate is market-determined via auctions, has (29) been raised. Similar market orientation has been (30) for liquidity as well. The RBI, under governor Raghuram Rajan, would like to act out the distinction (31) regulator and administrator. Just as when it raised interest rates the last time (32) the RBI has fortified the economy against currency (33) through measures that have been (34) without any nerve-racking reference to turbulence. Foreign portfolio investors are being encouraged to (35) in more of the good stuff. Their know-your- customer (KYC) norms are being eased. The local currency future market is being opened up to them.

A)  over                            

B)  everywhere  

C)  around

D)  throughout  

E)  up