Question

The Central Board of Directors of RBI includes representatives of:

• A. Scheduled Banks and Government
• B. Only Government
• C. Only Private Banks
• D. Only RBI Executives

Answer 1

Answer:

A. Scheduled Banks and Government

The Central Board of Directors of the Reserve Bank of India (RBI) is the apex decision-making body of the RBI. It consists of: Official Directors – Appointed by the Government of India, including the Governor and Deputy Governors of RBI. Non-official Directors – Representing scheduled commercial banks, cooperative banks, financial institutions, and other sectors. Government Nominees – Representatives from the Government of India. So, the board includes representatives of both the government and scheduled banks, not just one or the other.