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Which among the following Indian State does not transacts its business through Reserve Bank of India ?
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- Sikkim
- Jammu and Kashmir
- Arunachal Pradesh
- Mizoram
- Sikkim
Correct Option: B
State Government transactions are carried out by Reserve Bank of India in terms of the agreement entered into with the State Governments in terms of section 21 A of the Act. As of now, such agreements exist between RBI and all the State Governments except with the Government of Jammu and Kashmir.
