Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
CHAPTER: - 9 MONEY MARKET AND CAPITAL MARKET OF INDIA
Q.4. Assertion and Reasoning
4. Assertion (A): Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R): RBI has to maintain the official rate of exchange of rupee and ensure its stability.
Options
(A) is True, but (R) is False
(A) is False, but (R) is True
Both (A) and (R) are True and (R) is the correct explanation of (A)
Both (A) and (R) are True and (R) is not the correct explanation of (A)
Answer: -
(A) is False, but (R) is True
