(I) The Reserve Bank of India (RBI) plays a crucial role in maintaining financial stability in the country. (II) Ensuring strict regulation of the banking sector is essential for the RBI. (i) Since the RBI plays a crucial role… (ii) However, the RBI plays a crucial role… (iii) Given that the RBI plays a crucial role…

Explanation

The correct answer is (c) Both (i) and (iii). Analysis: Sentence (I): "The Reserve Bank of India (RBI) plays a crucial role in maintaining financial stability in the country." Sentence (II): "Ensuring strict regulation of the banking sector is essential for the RBI." Now, let's analyze each option: (i) "Since the RBI plays a crucial role…" • The word "since" indicates a causal relationship. Using "since" makes the connection that the RBI's crucial role justifies the need for strict regulation. • Combined sentence: "Since the RBI plays a crucial role in maintaining financial stability in the country, ensuring strict regulation of the banking sector is essential for the RBI." • This is grammatically correct and logically sound. (ii) "However, the RBI plays a crucial role…" • The word "however" signals a contrast or contradiction. However, there is no contrast between the two sentences; both are stating positive aspects of the RBI's responsibilities. • Combined sentence: "However, the RBI plays a crucial role in maintaining financial stability in the country, ensuring strict regulation of the banking sector is essential for the RBI." • This does not create a logical connection because there is no contrast. Hence, this is incorrect. (iii) "Given that the RBI plays a crucial role…" • The phrase "Given that" establishes a condition or context for the second clause. It emphasizes that because of the RBI's role, certain actions must follow. • Combined sentence: "Given that the RBI plays a crucial role in maintaining financial stability in the country, ensuring strict regulation of the banking sector is essential for the RBI." • This is also grammatically correct and logical.