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\n Consider the following statements:\n

The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government.
Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest.
The Governor of the RBI draws his power from the RBI Act.

\n Which of the above statements are correct?\n

","stemIsHeading",false,"plainText","Consider the following statements: The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. The Governor of the RBI draws his power…","titleText","Consider the following statements: The Governor of the Reserve Bank of India (RBI) is appointed by the Centra…","fullText","Consider the following statements: The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. The Governor of the RBI draws his power from the RBI Act. Which of the above statements are correct?","answer","C. 1 and 3 only","options",[91,92,93,94],"explanation","

Correct Option (c)

Statement 1 is correct. The Governor of the Reserve Bank of India is appointed by the Central Government.

Statement 3 is correct. The powers and functions of the Governor of the Reserve Bank of India are derived from the provisions of the Reserve Bank of India Act, 1934.

Incorrect Options

Statement 2 is incorrect. The Central Government's authority to issue directions to the Reserve Bank of India in the public interest is established under Section 7 of the Reserve Bank of India Act, 1934. This power is not directly conferred by specific provisions within the Constitution of India.

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UPSC CSE Prelims 2021

EXPLANATION

Correct Option (c)

Incorrect Options