Q. Consider the following statements:

1. The First woman Deputy Governor of RBI was K J Udeshi.
2. Shaktikanta Das is the fifth governor whose tenure has been extended.
3. Non-official governors are nominated by the official governors.

Which of the statements given above is/are correct?
Answer: Only 1 & 2
Notes: The Reserve Bank of India (RBI) is governed by a central board of directors, appointed for a four-year term by the Government of India, as per the Reserve Bank of India Act. The board includes the Governor, up to four Deputy Governors, ten government-nominated directors from various fields, and four directors from local boards. The Governor, currently Shaktikanta Das, is supported by four deputy governors. The first RBI Governor was Sir Osborne Smith, and the first Indian Governor was C.D. Deshmukh. Notably, Manmohan Singh is the only Prime Minister to have served as RBI Governor. If Shaktikanta Das completes his term, he will become the longest-serving governor since Sir Benegal Rama Rau, who served for 7 years and 197 days. Other governors who served over five years include Bimal Jalan, James Taylor, B.P. Bhattacharya, and C.D. Deshmukh.

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.