{"id":91849,"date":"2025-06-01T11:07:47","date_gmt":"2025-06-01T11:07:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91849"},"modified":"2025-06-01T11:07:47","modified_gmt":"2025-06-01T11:07:47","slug":"consider-the-following-statements-1-the-governor-of-the-reserve","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/","title":{"rendered":"Consider the following statements :\n \n 1. The Governor of the Reserve"},"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 above statements 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 IAS &#8211; 2021<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2021.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2021\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct.<br \/>\n&#8211; The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect.<br \/>\n&#8211; The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nSection 7(1) of the RBI Act states: &#8220;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.&#8221;<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 &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements :\n \n 1. The Governor of the Reserve\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/#more-91849\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements :<\/p>\n<p> 1. The Governor of the Reserve<\/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":[1092],"tags":[1110,1099,1115],"class_list":["post-91849","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1110","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<\/title>\n<meta name=\"description\" content=\"The correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect. - The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct. - The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect. - The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.\" \/>\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\/\" \/>\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\" \/>\n<meta property=\"og:description\" content=\"The correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect. - The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct. - The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect. - The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:07:47+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","description":"The correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect. - The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct. - The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect. - The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.","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\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements :  1. The Governor of the Reserve","og_description":"The correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect. - The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct. - The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect. - The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:07:47+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\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/","name":"Consider the following statements : 1. The Governor of the Reserve","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:07:47+00:00","dateModified":"2025-06-01T11:07:47+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct option is C. Statements 1 and 3 are correct, while statement 2 is incorrect. - The Governor of the Reserve Bank of India is appointed by the Central Government of India. Statement 1 is correct. - The power of the Central Government to issue directions to the RBI in public interest is derived from Section 7 of the Reserve Bank of India Act, 1934, not directly from the Constitution of India. Statement 2 is incorrect. - The powers and functions of the RBI Governor are defined and drawn from the Reserve Bank of India Act, 1934. Statement 3 is correct.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-governor-of-the-reserve\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements : 1. 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