Discussion :: Course of Action
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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:
- The officers concerned in the commercial banks are to be suspended.
- The RBI should be asked to stop giving such directives to commercial banks.
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A.
Only I follows
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B.
Only II follows
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C.
Either I or II follows
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D.
Neither I nor II follows
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E.
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.
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