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      Question

      No person shall be a director of the Board constituted

      under the Exim Bank Act, who____________
      A Is, or at any time has been, adjudged insolvent Correct Answer Incorrect Answer
      B Has been, for any reason, removed from the Board Correct Answer Incorrect Answer
      C Is of unsound mind and has been so declared by a competent court Correct Answer Incorrect Answer
      D Either a or b or c Correct Answer Incorrect Answer
      E All a b & c Correct Answer Incorrect Answer

      Solution

      Section 9. Disqualifications: No person shall be a director of the Board who: β€’ is, or at any time has been, adjudged insolvent, or β€’ is of unsound mind and has been so declared by a competent court, or β€’ is, or has been, convicted of an offence which, in the opinion of the Central Government, involves moral turpitude, or β€’ has, in the opinion of the Central Government, so abused his position as a director, as to render his continuance on the Board detrimental to the interests of the general public, or β€’Β  has been, for any reason, removed from the Board.

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