Question:

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?

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Trace institutional shifts first, then state constraints, reaffirm control, and finally suggest reform.
Updated On: Aug 6, 2025
  • BACD
  • ABCD
  • BCAD
  • DACB
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The Correct Option is C

Solution and Explanation

B begins by showing how RBI has gained control.
C brings the limitation — RBI still requires government approval.
A reinforces government dominance.
D ends with a rhetorical suggestion to give RBI more freedom.
Correct sequence is BCAD.
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