Question :
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.
1. Only I follows
2. Only II follows
3. Either I or II follows
4. Neither I nor II follows
5. Both I and II follow
Answer :
4 - Neither I nor II follows
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