{"id":89242,"date":"2025-06-01T09:59:44","date_gmt":"2025-06-01T09:59:44","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89242"},"modified":"2025-06-01T09:59:44","modified_gmt":"2025-06-01T09:59:44","slug":"consider-the-following-statements-1-the-governor-of-the-reserve-b","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/","title":{"rendered":"Consider the following statements:\n \n 1. The Governor of the Reserve B"},"content":{"rendered":"<p>Consider the following statements:<\/p>\n<ul>\n<li>1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government.<\/li>\n<li>2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest.<\/li>\n<li>3. The Governor of the RBI draws his power from the RBI Act.<\/li>\n<\/ul>\n<p>Which of the statements given above are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 3 only&#8221; option3=&#8221;1 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CAPF &#8211; 2010<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-capf-2010.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-capf-2010\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatements 1 and 3 are correct.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government.<br \/>\n&#8211; Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India.<br \/>\n&#8211; Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\n&#8211; Section 7 of the RBI Act, 1934, states that the Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest. This power has been used very rarely.<br \/>\n&#8211; The RBI Governor is the chief executive officer of the central bank and is responsible for its overall direction and supervision.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements: 1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. 2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. 3. The Governor of the RBI draws his power from the RBI &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements:\n \n 1. The Governor of the Reserve B\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/#more-89242\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements:<\/p>\n<p> 1. The Governor of the Reserve B<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1464,1099,1115],"class_list":["post-89242","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1464","tag-indian-polity-and-governance","tag-miscellaneous","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements:  1. The Governor of the Reserve B<\/title>\n<meta name=\"description\" content=\"Statements 1 and 3 are correct. - Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government. - Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India. - Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements:  1. The Governor of the Reserve B\" \/>\n<meta property=\"og:description\" content=\"Statements 1 and 3 are correct. - Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government. - Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India. - Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T09:59:44+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements:  1. The Governor of the Reserve B","description":"Statements 1 and 3 are correct. - Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government. - Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India. - Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements:  1. The Governor of the Reserve B","og_description":"Statements 1 and 3 are correct. - Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government. - Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India. - Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T09:59:44+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/","name":"Consider the following statements: 1. The Governor of the Reserve B","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T09:59:44+00:00","dateModified":"2025-06-01T09:59:44+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statements 1 and 3 are correct. - Statement 1: The Governor of the RBI is appointed by the Central Government. This is correct; the appointment is made by the Appointments Committee of the Cabinet (ACC), which is part of the Central Government. - Statement 2: Certain provisions in the Constitution give the Central Government the right to issue directions to the RBI in public interest. This is incorrect. The relationship between the Central Government and the RBI, including the power of the government to issue directions, is governed by the Reserve Bank of India Act, 1934, specifically Section 7, not the Constitution of India. - Statement 3: The Governor of the RBI draws his power from the RBI Act. This is correct; the powers, functions, and responsibilities of the RBI Governor are defined and derived from the provisions of the Reserve Bank of India Act, 1934.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve-b\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CAPF","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-capf\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements: 1. The Governor of the Reserve B"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=89242"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89242\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=89242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=89242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=89242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}