Board of the proposed Resolution Corporation

Q.  Every appointment made, other than the appointment of an ex-officio member will be made by a committee consisting of

1) Cabinet Secretary
2) A retired judge of the Supreme Court
3) Experts of repute from the field of finance, law, etc.
4) RBI Governor
- Published on 03 Nov 16

a. 2, 3, 4
b. 1, 2, 4
c. 1, 3
d. All of the above

ANSWER: 1, 3
 
Every appointment made, other than the appointment of an ex-officio member, shall be made after obtaining the recommendation of a search and selection committee consisting of-
  • Cabinet Secretary-Chairperson;
  • Secretary to the Government of India to be nominated by the Central Government-Member;
  • Three experts of repute from the field of finance, law, management, insolvency and related subjects, to be nominated by the Central Government-Members.

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