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      Question

      Which of the following candidates is eligible for

      appointment as CFO of a PSB?
      A Cost Accountant with 20 years in banking Correct Answer Incorrect Answer
      B Chartered Accountant with 12 years total experience Correct Answer Incorrect Answer
      C Chartered Accountant with 15 years experience, including 10 years in banks/FIs and 5 years at senior management level Correct Answer Incorrect Answer
      D MBA (Finance) with 18 years in PSU Correct Answer Incorrect Answer
      E Chartered Accountant with 15 years in corporates but no banking experience Correct Answer Incorrect Answer

      Solution

      The CFO must be a qualified Chartered Accountant and have: β€’ 15 years total experience β€’ 10 years in banks/FIs β€’ 5 years at senior management level Option C satisfies all conditions. Others fail due to lack of qualification or required banking experience.

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