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.

Question

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.

Accepted Answer

Either I or II follows

Answer

Only I follows

Answer

Only II follows

Answer

Neither I nor II follows

Answer

Both I and II follow