UPSC Exam  >  UPSC Questions  >  Consider the following statements with respec... Start Learning for Free
Consider the following statements with respect to RBI :
(1) RBI acts as a debt manager to the government
(2) General Superintendence and direction of RBI’s affairs is under RBI Governor
(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    1,2 and 3
  • d)
    1 and 3 only
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements with respect to RBI :(1) RBI acts as...
The correct option is A.
  1. The Reserve Bank manages public debt on behalf of the Central and the State Governments. It involves issue of new rupee loans, payment of interest and repayment of these loans and other operational matters such as debt certificates and their registration.
  2. The general superintendence and direction of the RBI is entrusted with the 21-member central board of directors: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary).
  3. "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," says Section 7(1) of the RBI Act, 1934.
View all questions of this test
Explore Courses for UPSC exam

Top Courses for UPSC

Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements with respect to RBI :(1) RBI acts as a debt manager to the government(2) General Superintendence and direction of RBI’s affairs is under RBI Governor(3) Under Section 7 of RBI Act, RBI Governor can give directions to the local boards.Which of the above statements is/are correct?a)1 onlyb)1 and 2 onlyc)1,2 and 3d)1 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev