BNK · S03Reserve Bank of IndiaAsked in 2 of 7 papers (Dec ’23, Jan ’25)
Which qualification to the Governor’s and Deputy Governors’ whole-time duty appears in section 8(2) of the Reserve Bank of India Act, 1934?
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AEither may take any paid private directorship without institutional approval
BNo part-time honorary work is possible under any circumstances
CThe Central Board may, in the public interest, permit part-time honorary work requested by the Central or a State Government if it is unlikely to interfere with RBI duties
DA State Government may compel private commercial work even when it interferes with RBI duties
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