Multiple choice

The general superintendence and direction of the RBI is entrusted with

  1. 3 Finance Ministry representatives

  2. 2 Finance Ministry representatives

  3. a panel of Finance Ministry representatives

  4. 1 Finance Ministry representative

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

RBI is entrusted with the 21-member Central Board of Directors: the Governor, 4 Deputy Governors, 2 Finance Ministry representatives, and 10 government-nominated directors to represent important elements from India's economy, and 4 directors to represent local boards.