Read the Assertion (A) and Reason (R) and select the correct option: Assertion (A): The Reserve Bank of India is the apex regulatory organisation in the Indian money market. Reason (R): In April 1988, the Discount and Finance House of India (DFHI) was set up to perform the function of stabilizing and providing liquidity to the money market in India.

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General Knowledge · Financial System and Markets

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both (A) and (R) are correct, but (R) is NOT the correct explanation of (A).

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