A Local Board member holds office for:
AOne year
BThree years
CTen years
DFour years
Answer & Solution
Correct answer: D. Four years
1. Members are appointed by the Central Government.
2. Each serves a fixed term.
3. That term is four years.
_Source: Reserve Bank of India, About Us (rbi.org.in)._
Related questions
Which training institute is part of the Reserve Bank?Under 'Banker to banks', RBI maintains banking accounts of all:Coins are minted by the Government of India and put into circulation by:The Deposit Insurance and Credit Guarantee Corporation Act was passed in:The NABARD Act is of the year:The Regional Rural Banks Act was passed in:The Foreign Exchange Management Act, managed by RBI, is of the year:The Credit Information Companies (Regulation) Act was passed in: