Latest 7th March 2024 Current Affairs News for Exam Pre

Practice Mode:
5.

What has the Reserve Bank of India (RBI) instructed India's major state-owned refiners to do regarding oil payments in the upcoming financial year?

A: Press Persian Gulf oil suppliers to accept 10% of oil payments in rupees
B: Increase oil imports from the US to reduce dependency on other currencies
C: Conduct all oil transactions in Indian rupees exclusively
D: Convert all oil payments into US dollars for ease of transaction

The answer is: A