πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      RBI issued final amendment directions for Urban

      Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs) introducing a mandatory cooling-off period of how many years for directors who complete 10 years of continuous tenure?
      A 1 year Correct Answer Incorrect Answer
      B 2 years Correct Answer Incorrect Answer
      C 3 years Correct Answer Incorrect Answer
      D 4 years Correct Answer Incorrect Answer
      E 5 years Correct Answer Incorrect Answer

      Solution

      RBI introduced a mandatory three-year cooling-off period for directors who complete 10 years of continuous tenure on the board of UCBs and RCBs. The amendment aims to stop directors from circumventing the tenure cap by resigning briefly and subsequently getting re-elected.

      Practice Next
      ask-question