Certified Regulatory Compliance Manager (CRCM) — Question 151

Reserve Banks must issue operating circulars, which, together with Regulation J, govern the details of handling items through the Reserve Bank, including

Answer options

• A. Handling of government items and foreign instruments
• B. Handling of foreign instruments
• C. Handling of government items
• D. Handling of clearing instruments

Correct answer: A

Explanation

The correct answer, A, is accurate because it encompasses both government items and foreign instruments as stated in the operating circulars and Regulation J. Options B and C are too narrow, as they only address one type of item each, while option D refers to clearing instruments, which are not included in the governing details mentioned.