Topic: Aptitude
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.
- A. Only I follow
- B. Only II follows
- C. Either I or II follows
- D. Neither I nor II follows
Answer: D. Neither I nor II follows
Explanation: Action I is too extreme as the violation is currently just an 'allegation' and requires investigation before suspension. Action II is illogical, as stopping regulatory directives entirely just because they are being violated is not a proper administrative solution.