| Assertion [A] There has been a structural shift in the role of the RBI from regulator to facilitator of the financial sector. |
| Reason [R] Financial sector has to consult RBI before taking any decision. |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A]
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: C
Solution :
Financial sector may be allowed to take decisions on many matters without consulting the RBI.
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