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UPSC Civil ServicesPrelims2023General Studies Paper I
Question
QQ24. Which one of the following activities of the Reserve Bank of India is considered to be part of ‘sterilization’?
Options
- A Conducting ‘Open Market Operations’
- B Oversight of settlement and payment systems
- C Debt and cash management for the Central and State Governments
- D Regulating the functions of Non-banking Financial Institutions
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Correct Answer
A Conducting ‘Open Market Operations’
Model Answer
Answer: option A, as per UPSC's final answer key (Series A).