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Question
Which among the following Indian State does not transacts its business through Reserve Bank of India ?
Options:
A .  Jammu and Kashmir
B .  Sikkim
C .  Arunachal Pradesh
D .  Mizoram
Answer: Option A
Answer: (a)
State Government transactions are carried out by the 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.

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