Q. Which among the following is correct regarding the appointment of deputy governor in Reserve Bank of India?
Answer: The appointment of a deputy governor can be for a maximum of 5 years or till the age of 62, whichever is earlier.
Notes: The correct statement is that the appointment of a deputy governor in the Reserve Bank of India (RBI) can be for a maximum of 5 years or until the age of 62, whichever is earlier. This rule is established under the RBI Act, 1934, which governs the appointment and tenure of deputy governors. The RBI has four deputy governors, and their roles are crucial in managing various functions of the bank, including monetary policy and financial regulation.

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