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      Question

      Under Section 11 of the RBI Act, 1934, a Director

      nominated under clause (b) or (c) of Section 8(1) ceases to hold office if, without leave from the Central Board, he absents himself from how many consecutive meetings of the Board?
      A Two consecutive meetings Correct Answer Incorrect Answer
      B Four consecutive meetings Correct Answer Incorrect Answer
      C Five consecutive meetings Correct Answer Incorrect Answer
      D Three consecutive meetings Correct Answer Incorrect Answer
      E Six consecutive meetings Correct Answer Incorrect Answer

      Solution

      Section 11(2) provides that a Director nominated under clause (b) or clause (c) of sub-section (1) of Section 8 shall cease to hold office if, without leave from the Central Board, he absents himself from three consecutive meetings of the Board convened under Section 13(1). The Central Government may also remove a Director under Section 11(1), and must remove any Director who becomes subject to the disqualifications in Section 10. The correct number of consecutive meetings is three.

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