Q: 27 (IAS/1995)

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As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-’A’ and FCNR-’B’.
Which of the following is/are true regarding these two schemes ?
I. Under scheme ‘A’ RBI bears exchange rate fluctuations.
II. Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations.
III. Both the schemes stand withdrawn now.
IV. Only scheme ‘A’ has been withdrawn.
Select the correct answer from the codes given below : Codes :
question_subject: 
Current Affairs
question_year: 
1995
question_exam: 
IAS
question_sub_subject: 
Current Affairs -National
question_topic: 
Current Affairs -National
stats: 
0,576,1240,360,400,480,576