What is Section 7 of the RBI Act 1934?

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Question:What is Section 7 of the RBI Act 1934?

1. It allows RBI to buy and sell Foreign currency

2.It empowers the government to issue directions to the RBI

3. It allows the RBI to appoint its own staff

4.None

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  1. What is Section 7 of the RBI Act 1934?
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