The Reserve Bank of India (RBI) has recently proposed to openIslamic windowin conventional banks of India to gradually include the Sharia-compliant interest-free banking in the country. With reference to it, which of the following statements is correct?nI - The state government of Kerala has got a go-ahead from the Reserve Bank of India to launch a financial institution following the principles of Islamic finance. II - Jeddah-based Islamic Development Bank (IDB) has chosen Gandhinagar, Gujarat to set up its first branch in India.

The Reserve Bank of India (RBI) has recently proposed to openIslamic w

1.	The Reserve Bank of India (RBI) has recently proposed to openIslamic windowin conventional banks of India to gradually include the Sharia-compliant interest-free banking in the country. With reference to it, which of the following statements is correct?nI - The state government of Kerala has got a go-ahead from the Reserve Bank of India to launch a financial institution following the principles of Islamic finance. II - Jeddah-based Islamic Development Bank (IDB) has chosen Gandhinagar, Gujarat to set up its first branch in India.
A.	Only I
B.	Neither I nor II
C.	Both I and II
D.	Only II
Answer» B. Neither I nor II