Topic: Aptitude/Ability Test
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: The statement presents an 'allegation'. Suspending officers immediately (Course I) is extreme and unjust without a prior formal investigation to verify the claims. Asking the RBI to stop giving directives (Course II) is illogical, as the RBI is the regulatory authority and its directives are meant to facilitate trade, not be stopped due to compliance issues. Thus, neither course of action is sound.