Choose the correct statements related to the organisational structure of RBI The RBI is entrusted wi...........

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Choose the correct statements related to the organisational structure of RBI?

The RBI is entrusted with the 21-member Central Board of Directors:

1.the Governor

2.4 Deputy Governors

3.2 government officials nominated by central government

4.10 government-nominated directors

5.4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi

1,2,3 and 4

1,2,3 and 5

1,4 and 5

all are correct

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Explanation:

Section 8(1) of RBI act talks about Composition of Central Board of RBI and it is :

8. Composition of the Central Board, and term of office of Directors.(1) The Central Board shall consist of the following Directors, namely:-

(a) a Governor and [not more than four] Deputy Governors to be appointed by the Central Government;
(b) four Directors to be nominated by the Central Government, one from each of the four Local Boards as constituted by section 9;
(c) [ten] Directors to be nominated by the Central Government; and
(d) [two Government officials] to be nominated by the Central Government;