Attempt this previous-year question. The correct option stays hidden until you choose.
Consider the following statements:
1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government.
2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest.
3. The Governor of the RBI draws his power from the RBI Act.
Which of the above statements are correct?
Pick an option to check yourself.
• Correct Answer: C
• RBI Governor is appointed by the Central Government via FSRASC shortlisting and Cabinet approval.
• Governor's powers derive from RBI Act, 1934.
• Section 7 of RBI Act (not Constitution) allows government directions to RBI in public interest.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram