Answer: (2) Only two statements are correct
Explanation:
Let's analyze each statement:
A. The Reserve Bank of India links all ATMs in India.
- Incorrect. The Reserve Bank of India (RBI) does not directly link all ATMs. Instead, the National Payments Corporation of India (NPCI) operates the National Financial Switch (NFS), which connects ATMs across India. The RBI regulates and oversees the banking sector but does not directly manage the linkage of ATMs.
B. Capital Adequacy Ratio is for each bank to decide and should be in the range provided by RBI.
- Correct. The Capital Adequacy Ratio (CAR) is a measure that banks are required to maintain. While each bank is responsible for maintaining its CAR, it must be within the range or guidelines prescribed by the RBI, which ensures the stability and solvency of banks.
C. Benchmark interest rates are decided by the Monetary Policy Committee of RBI.
- Correct. The Monetary Policy Committee (MPC) of the RBI is responsible for deciding key benchmark interest rates, including the Repo Rate, which influences other rates in the economy.
Conclusion:
Statements B and C are correct, while A is incorrect. Therefore, the correct answer is (2) Only two statements are correct.
