Question

The chairman and managing director of EXIM Bank shall hold office for a period of .........

A maximum five years Correct Answer Incorrect Answer
B minimum five years Correct Answer Incorrect Answer
C maximum three years Correct Answer Incorrect Answer
D minimum three years Correct Answer Incorrect Answer
E seven years Correct Answer Incorrect Answer

Solution

Section 6(2) of EXIM Act - Constitution of Board The chairman and the managing director or the whole-time director shall hold office for such term, not exceeding five years, as the Central Government may specify in this behalf and any person so appointed shall be eligible for re-appointment.  

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