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SSC CGL 2022 PYQ — Question 42

SSC CGL - 19 April 2022 - Shift 3 • General Awareness • Q42

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The Central Board of Directors of the Reserve Bank of India are appointed for a term of ______ years.

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Correct answer: B

Explanation

The correct answer is option 2 i.e. four.

  • Members appointed by the Central Government.

  • Member shall hold office for a term of four years and are eligible for re-appointment.

  • The central board is the highest decision making body of the apex bank headed by the RBI governor.

  • According to the RBI Act, the government nominates 10 eminent persons from various fields to the central board of the RBI, besides four directors (one from each of the four local boards).