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8.
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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:
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.
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A.
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Only I follows
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B.
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Only II follows
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C.
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Either I or II follows
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D.
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Neither I nor II
follows
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E.
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Both I and II follow
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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.
