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GENERAL KNOWLEDGE
Read the following statements. I. IL&F...

Read the following statements.
I. IL&FS crisis is not an insolvency issue but a liquidity issue.
II. Section 7 of the RBI Act deals with issuing of direction to the central bank.
Choose the correct option.

A

Only

B

II only

C

Both I and II

D

None of these

Text Solution

Verified by Experts

The correct Answer is:
B
IL&FS crisis is an insolvency issue and not a liquidity issue. Section 7 of the RBI Act is related to issuing directions to the central bank.
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