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Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.
Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.
Q. Which of the following statements rejects the argument in the above passage?
  • a)
    The RBI is pivotal to Indian banking system and economy.
  • b)
    The RBI is the most reliable bank in the country.
  • c)
    There is another nationalized bank in the country which is as important as the RBI.
  • d)
    None of the above
  • e)
    All of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Direction: The critical reasoning question given below consists of a ...
Options (A) and (B) highlight the importance of the RBI in India. They state that the RBI is integral to the Indian banking system and economy. These two statements support the argument in the passage above.
Thus, options (A), (B), and (E) are incorrect.
Option (C) states that the RBI is not the only important bank in India. It rejects the argument in the given passage. It is mentioned that RBI is a central bank. So, it enjoys the highest power among all the banks in the country.
Therefore, option (C) is correct, while option (D) is unacceptable.
Hence, the correct option is (C).
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Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: The critical reasoning question given below consists of a passage, followed by a question, involving a statement. You must read the passage and statements carefully and choose the correct answer from the alternatives given below.Passage: The Reserve Bank of India (RBI) is India's central bank, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It supervises and administers exchange control and banking regulations, and also administers the government’s monetary policy. It also manages the country's main payment systems and works to promote its economic development. Reserve Bank of India commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.Q. Which of the following statements rejects the argument in the above passage?a)The RBI is pivotal to Indian banking system and economy.b)The RBI is the most reliable bank in the country.c)There is another nationalized bank in the country which is as important as the RBI.d)None of the abovee)All of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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