Central board of directors - Appointments & duration

Q.  Which of the following statements are correct about RBI?

1. The Reserve Bank's affairs are governed by a central board of directors.
2. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.
3. They are appointed/nominated for a period of four years.
- Published on 08 Sep 15

a. 1,2
b. 2,3
c. 1,3
d. All

ANSWER: All
 
Members of board -

- Full-time : Governor and not more than four Deputy Governors
- Non-Official Directors nominated by Government: Ten Directors from various fields and one government Official
- Others: four Directors - one each from four local boards

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