Statement: Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year. Courses of Action: The officers concerned in the commercial banks are to be suspended. The RBI should be asked to stop giving such directives to commercial banks.
Correct Answer: Neither I nor II follows
Explanation:
The statement mentions that the commercial banks violate a directive issued by the RBI. The remedy is only to make the banks implement the Act. So, none of the courses follows.
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