Direction: In each of the following questions, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent.

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It is a member bank of the Asian Clearing Union. RBI was conceptualized as per the guidelines, working style and outlook presented by Dr. B. R. Ambedkar in his book titled "The Problem of Rupee - Its origin and its solutions" and presented to the Hilton Young Commission. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act,1934. _________________________________.

The banks play an important part in the Development Strategy of the Government of India.

Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.

The Central Board of Directors is the main committee of the SEBI.

In order to curb the fake currency menace, RBI has launched a website to raise awareness among masses about fake notes in the market.

Two years and a few months on, India ’s decision to “demonetize” some of its currency is still having lasting effects on the economy.