Direction: Arrange the sentences A, B, C and D in a proper sequence so as to make a coherent paragraph. A. But, clearly, the government still has the final say. B. In the past few years, the Reserve Bank of India might have wrested considerable powers from the government when it comes to monetary po

Question

Direction: Arrange the sentences A, B, C and D in a proper sequence so as to make a coherent paragraph. A. But, clearly, the government still has the final say. B. In the past few years, the Reserve Bank of India might have wrested considerable powers from the government when it comes to monetary policy. C. The RBI's announcements on certain issues become effective only after the government notifies them. D. Isn't it time the government vested the RBI with powers to sanction such changes, leaving their ratification for later?

Accepted Answer

BACD — B states that RBI has wrested many powers from the government, A states that in spite of this the government has the final say, C elaborates on this fact and D questions this state of affairs.

CAT 1997 — VARC Question 32

Answer & solution

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