As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15  C. 14 D. 13

1 Answer

Answer :

A. 16 Explanation: As per the Exim Bank Act, at a particular point in time, the Bank can have a maximum of 16 directors on its Board. Including Chairman and Managing Director, the Bank‘s Board constitutes of 13 directors who are appointed by the GOI, they are five top level Government of India functionaries, three directors from scheduled commercial banks and four directors who are industry/trade experts. Three other directors are nominated by the Reserve Bank of India (RBI), Industrial Development Bank of India (IDBI) and ECGC Ltd respectively.

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