The Central Board of Directors of RBI consists of --- members
A11
B21
C15
D18
Answer:
B. 21
Read Explanation:
Management and Departments of RBI:
- Central Board: The general supervision and control of the RBIs affairs is vested in the Central Board of Directors which consists of 21 director members.
- The board is appointed by the Government of India in accordance with the Reserve Bank of India Act.
Official Directors:
- Full-time: Governor and not more than 4 Deputy Governors
Non-Official Directors:
- Nominated by Government: 10 Directors from various fields and 2 government Officials
- Others: 4 Directors one each from 4 local boards
- The term of the office of the directors depends upon their memberships in local ¯boards.
- These directors hold office for 4 years and there is a provision in the Act for their retirement by rotation.
- All these persons are appointed or nominated by Central Govt.
- Governor - The term of office typically runs for 3 years and can in some cases, be extended for 2 years
- Deputy Governors - Appointed/nominated for a period of 4 years
- As a matter of practical convenience, the Board has delegated some of its functions to a committee called the Committee of the Central Board.