A
Enforce maritime transit passages under the United Nations Convention on the Law of the Sea
B
Encourage foreign capital inflows and manage foreign exchange reserves
C
Regulate cooperative society elections and rural retail networks in states
D
Directly subsidize the domestic retail prices of petrol and ethanol-blended fuel
Correct answer: (b) Encourage foreign capital inflows and manage foreign exchange reserves
Explanation
Option B is correct because FCNR(B) deposit schemes and forex swap facilities are monetary and foreign exchange management tools used by the central bank to attract foreign capital inflows and manage liquidity. Options A, C, and D pertain to cooperation ministries, fuel blending policies, and maritime law, which are unrelated to RBI's FCNR(B) mechanism.
Same topic · past papers
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