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      Question

      A candidate has a professional relationship with the

      bank at the time of filing nomination. Which of the following makes the candidate eligible?
      A Immediate termination of relationship before filing nomination Correct Answer Incorrect Answer
      B Declaration to NRC that relationship will be severed if elected Correct Answer Incorrect Answer
      C Approval from RBI for continuation Correct Answer Incorrect Answer
      D Undertaking to disclose conflict annually Correct Answer Incorrect Answer
      E Conversion of relationship into consultancy Correct Answer Incorrect Answer

      Solution

      A declaration to the NRC is required to be submitted that such relationship with the bank shall be severed if he is elected as a director, and upon being elected, the candidate shall sever such relationship before appointment as a director of the PSB. Thus, eligibility is conditional at nomination stage.

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