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      Question

      The Chair of the Board in a Private Sector Bank must

      be:
      A A Whole-Time Director Correct Answer Incorrect Answer
      B The MD & CEO Correct Answer Incorrect Answer
      C A Non-Executive Director Correct Answer Incorrect Answer
      D An Independent Director Correct Answer Incorrect Answer
      E A representative of the majority shareholder Correct Answer Incorrect Answer

      Solution

      To ensure independent leadership, the Chair in private banks must be an Independent Director.

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