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      Question

      How frequently must meetings of the Central Board be

      convened by the Governor under Section 13 of the RBI Act, 1934?
      A At least six times in each year and once in each quarter Correct Answer Incorrect Answer
      B At least four times in each year and once in each quarter Correct Answer Incorrect Answer
      C At least twelve times in each year and once in each month Correct Answer Incorrect Answer
      D At least three times in each year and once in each quarter Correct Answer Incorrect Answer
      E At least eight times in each year and twice in each quarter Correct Answer Incorrect Answer

      Solution

      Section 13(1) requires that meetings of the Central Board shall be convened by the Governor at least six times in each year and at least once in each quarter. Additionally, under Section 13(2), any four Directors may require the Governor to convene a meeting, and he shall forthwith do so. The Governor (or an authorised Deputy Governor) presides and has a second or casting vote in case of equality of votes. The correct frequency is six times yearly and once quarterly.

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