Question

Who is the apex authority in the governance structure of RBI?

• A. Finance Ministry
• B. Central Board of Directors
• C. Board of Supervision
• D. Monetary Policy Committee

Answer 1

Answer:

B. Central Board of Directors

The Central Board of Directors is the top decision-making body of the RBI. It oversees policy formulation, management, and administration of the bank. The RBI Governor acts as the chief executive, but the Central Board provides overall supervision and guidance. Other bodies like the Monetary Policy Committee or Board of Supervision handle specific functions, but the Central Board is the apex authority.