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Assertion and Reasoning: Assertion (A): Foreign exchange management and control is undertaken by commercial banks. Reasoning (R): RBI has to maintain the official rate of exchange of rupee - Economics

MCQ

Assertion and Reasoning:

Assertion (A): Foreign exchange management and control is undertaken by commercial banks.

Reasoning (R): RBI has to maintain the official rate of exchange of rupee and ensure its stability.

Options

  • (A) is True, but (R) is False

  • (A) is False, but (R) is True

  • Both (A) and (R) are True and (R) is the correct explanation of (A)

  • Both (A) and (R) are True and (R) is not the correct explanation of (A)

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Solution

(A) is False, but (R) is True

Concept: Structure of Money Market in India - Organized Sector
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 9 Money Market and Capital Market in India
Exercise | Q 4. (4) | Page 92
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