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Commerce · Q769

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 769

Q769

In order to control inflation and ensure stability in money market:

A.
The RBI works under the direction of ministry of finance, government of India
B.
The RBI acts independently and can refuse the government directive
Answer
C.
The RBI acts under the board of directors
D.
The RBI's board of governors shall abide by the government directive

Answer: Option B

Solution

Answer: Option B
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