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Commerce Short Question | Gkseries

Q.

In order to control inflation and ensure stability in money market :

[A] The RBI works under the direction of ministry of finance, government of India.
[B] The RBI acts independently and can refuse the government directive.
[C] The RBI acts under the board of directors
[D] The RBI’s board of governors shall abide by the government directive
Answer & Explanation

Answer: The RBI acts independently and can refuse the government directive.

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