Question

Where are the four local offices that select Directors located?

• A. Mumbai, Kolkata, Delhi, Hyderabad
• B. Mumbai, Chennai, Kolkata, Bangalore
• C. Mumbai, Kolkata, Madras, Delhi
• D. Mumbai, Chennai, Delhi, Kolkata

Answer 1

Answer:

D. Mumbai, Chennai, Delhi, Kolkata

The RBI originally had four local boards in: Mumbai (then Bombay) Kolkata (then Calcutta) Madras (now Chennai) Delhi Each local board nominates one Director to the Central Board, representing regional banking and economic interests.