UPSC PRELIMS · ECONOMICS · RBI GOVERNANCE
Consider the following statements: 1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. 2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. 3. The Governor of the RBI draws his power from the RBI Act. Which of the above statements are correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
The RBI Governor is appointed by the Central Government and derives statutory powers from the RBI Act; the constitutional-direction statement is not correct.
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