Banking AFCAT Questions

AFCAT Indian Economy

Banking MCQ Questions


13.
Apart from the Governor, the RBI's Central Board typically includes how many Deputy Governors?
A.
Two
B.
Four
C.
One
D.
Eight
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ANSWER :
B. Four
14.
Besides the Governor and Deputy Governors, the RBI's Central Board also includes two representatives from:
A.
The Election Commission of India
B.
The International Monetary Fund
C.
The Reserve Bank of Australia
D.
The Ministry of Finance, Government of India (typically the Economic Affairs Secretary and the Financial Services Secretary)
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ANSWER :
D. The Ministry of Finance, Government of India (typically the Economic Affairs Secretary and the Financial Services Secretary)
15.
The RBI's Central Board also includes how many government-nominated directors, drawn from various fields such as industry, agriculture, and economics?
A.
Zero; there are no government-nominated directors
B.
Ten
C.
Three
D.
Twenty
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ANSWER :
B. Ten
16.
The remaining four directors on the RBI's Central Board represent the RBI's four:
A.
Public Sector Banks
B.
Local Boards (for Mumbai, Kolkata, Chennai, and New Delhi)
C.
Foreign Embassies
D.
State Election Commissions
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ANSWER :
B. Local Boards (for Mumbai, Kolkata, Chennai, and New Delhi)
17.
Each of the RBI's four Local Boards (for Mumbai, Kolkata, Chennai, and New Delhi) consists of how many members, representing regional and cooperative/indigenous banking interests?
A.
One member
B.
Twenty-five members
C.
Five members
D.
Fifteen members
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ANSWER :
C. Five members
18.
The Governor of the RBI is typically appointed for a term of:
A.
Life tenure, similar to a Supreme Court judge
B.
Three years, which may be extended or renewed
C.
One month, on a strictly rotational basis
D.
Ten years, with no possibility of renewal
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ANSWER :
B. Three years, which may be extended or renewed