Question

The term “Unofficial Directors” in RBI refers to:

• A. Directors not holding any official government post
• B. Directors holding government office
• C. Deputy Governors
• D. RBI Governor

Answer 1

Answer:

A. Directors not holding any official government post

In the RBI Central Board, members are divided into Official and Unofficial Directors: Official Directors: Governor, Deputy Governors, and RBI officers. Unofficial Directors: Individuals nominated by the Government of India or local boards who do not hold any official government post. They represent commerce, industry, agriculture, and regional interests. So, “Unofficial Directors” essentially means non-governmental representatives on the Board.