Question

Who are considered Unofficial Directors in the RBI Central Board?

• A. Government officials
• B. Finance Secretary
• C. Directors nominated by the Government of India ,two Govt officials nominated by the Government and local office representatives
• D. Deputy Governors

Answer 1

Answer:

C. Directors nominated by the Government of India ,two Govt officials nominated by the Government and local office representatives

In the RBI Central Board, members are categorized as Official and Unofficial Directors. Official Directors include the Governor, Deputy Governors, and other RBI officials. Unofficial Directors are: Directors nominated by the Government of India to represent commerce, industry, agriculture, and other sectors. Two government officials nominated by the Government. Representatives from local boards (which exist for four regions to advise on regional matters). So, Unofficial Directors represent government and local/sectoral interests, not the RBI’s executive management.