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You are a member of the Directors of the Central Board of the RBI. You also own a firm and have also applied for the license to run a bank which is issued by RBI. There would be conflict of interest as you are continued Director and also seek license from RBI at the same time. You would
  • a)
    resign immediately from the post to avoid any further conflict
  • b)
    wait for the directions given by RBI and then quit
  • c)
    continue till you get license, if you get license only you resign
  • d)
    take a long leave till the license, matter get cleared
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
You are a member of the Directors of the Central Board of the RBI. You...
  • When RBI appointed you as a member director, it may not ask you to resign whereas option (c) is completely against to the ethics, option (d) amounts to escapism.
  • Thus, it becomes your moral responsibility to stay out of the post. Thus, option (a) is the right answer.
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You are a member of the Directors of the Central Board of the RBI. You also own a firm and have also applied for the license to run a bank which is issued by RBI. There would be conflict of interest as you are continued Director and also seek license from RBI at the same time. You woulda)resign immediately from the post to avoid any further conflictb)wait for the directions given by RBI and then quitc)continue till you get license, if you get license only you resignd)take a long leave till the license, matter get clearedCorrect answer is option 'A'. Can you explain this answer?
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You are a member of the Directors of the Central Board of the RBI. You also own a firm and have also applied for the license to run a bank which is issued by RBI. There would be conflict of interest as you are continued Director and also seek license from RBI at the same time. You woulda)resign immediately from the post to avoid any further conflictb)wait for the directions given by RBI and then quitc)continue till you get license, if you get license only you resignd)take a long leave till the license, matter get clearedCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about You are a member of the Directors of the Central Board of the RBI. You also own a firm and have also applied for the license to run a bank which is issued by RBI. There would be conflict of interest as you are continued Director and also seek license from RBI at the same time. You woulda)resign immediately from the post to avoid any further conflictb)wait for the directions given by RBI and then quitc)continue till you get license, if you get license only you resignd)take a long leave till the license, matter get clearedCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for You are a member of the Directors of the Central Board of the RBI. You also own a firm and have also applied for the license to run a bank which is issued by RBI. There would be conflict of interest as you are continued Director and also seek license from RBI at the same time. You woulda)resign immediately from the post to avoid any further conflictb)wait for the directions given by RBI and then quitc)continue till you get license, if you get license only you resignd)take a long leave till the license, matter get clearedCorrect answer is option 'A'. Can you explain this answer?.
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