Question
As per Section 8 of the RBI Act, 1934, the Central Board
shall consist of a Governor and not more than how many Deputy Governors to be appointed by the Central Government?Solution
Section 8(1)(a) provides that the Central Board shall consist of a Governor and not more than four Deputy Governors to be appointed by the Central Government. The figure 'four' was substituted for 'three' by Act 18 of 1964 with effect from 1-7-1964. Besides this, the Board includes four Directors nominated from the four Local Boards, ten other nominated Directors and one Government official. Therefore the correct maximum number of Deputy Governors is four.
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Consider the following statements:Â
1) Inflation benefits the debtors.Â
2) Inflation benefits the bondholders.Â
Which of the sta...
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