Question

Q1.RBI’s affairs are governed by the Central Board of Directors (CBD) which also responsible for its general superintendence and direction. It consists of
1. Union Minister of Finance as the Chairperson
2. Governor of RBI as the Vice-Chairperson
3. Members nominated by Union Government
4. Nominees from SEBI and IRDA
Select the correct answer using the codes below.

• A. a) 1 and 2 only
• B. b) 2, 3 and 4 only
• C. c) 3 only
• D. d) None of the above

Answer 1

The correct option is C c) 3 only

Composition:
1.There are 21-members in CBD of RBI.
2. It comprises of Governor, 4 Deputy Governors, 2 Finance Ministry representatives.
3. 10 Directors are nominated by Union Government in order to represent important elements from India’s economy.
4. directors are from local boards of RBI which are headquartered at Mumbai, Kolkata, Chennai and New Delhi.