UPSC Prelims 2021 · GS Paper 1 · Q91

Economy

Medium · RBI Governor's appointment and powers

Consider the following statements about the Governor of the Reserve Bank of India:

1. The Governor is appointed by the Central Government.

2. The Central Government's power to issue directions to the RBI in the public interest derives from provisions of the Constitution of India.

3. The Governor's authority and functions derive from the Reserve Bank of India Act, 1934.

How many of the statements given above are correct?