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RBI does not transact the business of which State Government ?
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- Nagaland
- Jammu and Kashmir
- Punjab
- Assam
- Nagaland
Correct Option: B
Sate Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments in terms of section 21 A of the RBI Act. As of now, such agreements exist between RBI and all the State Governments except with the Government of Jammu and Kashmir.
