UPSC Prelims Practice Questions — Centre appoints Rohit Jain as RBI Deputy Governor

Q1. Who chairs the Appointments Committee of the Cabinet (ACC), the body that approved the appointment of Rohit Jain as Deputy Governor of the Reserve Bank of India in May 2026?

  • A. The President of India
  • B. The Vice-President of India
  • C. The Prime Minister of India
  • D. The Union Cabinet Secretary

Q2. With reference to the recent appointment of Rohit Jain as Deputy Governor of the Reserve Bank of India vis-à-vis his predecessor T. Rabi Sankar, consider the following statements: 1. Both Rohit Jain and T. Rabi Sankar were elevated to the post of Deputy Governor from the position of Executive Director of the RBI. 2. T. Rabi Sankar's initial three-year term as Deputy Governor was followed by two consecutive one-year extensions before his exit in May 2026. 3. Rohit Jain's three-year term exceeds the maximum tenure for a Deputy Governor of the RBI prescribed under the RBI Act, 1934. Which of the statements given above is/are correct?

  1. Both Rohit Jain and T. Rabi Sankar were elevated to the post of Deputy Governor from the position of Executive Director of the RBI.
  2. T. Rabi Sankar's initial three-year term as Deputy Governor was followed by two consecutive one-year extensions before his exit in May 2026.
  3. Rohit Jain's three-year term exceeds the maximum tenure for a Deputy Governor of the RBI prescribed under the RBI Act, 1934.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q3. Which one of the following authorities formally approves the appointment of a Deputy Governor of the Reserve Bank of India, as illustrated by the May 2026 appointment of Rohit Jain?

  • A. The Central Board of Directors of the RBI alone, without any Union government involvement
  • B. The Financial Stability and Development Council headed by the Union Finance Minister
  • C. The Department of Financial Services under the Ministry of Finance, by an exclusive executive order
  • D. The Appointments Committee of the Cabinet of the Union Government

Q4. In the context of senior appointments such as that of the RBI Deputy Governor, the 'Appointments Committee of the Cabinet (ACC)' is best described as:

  • A. A constitutional body established under Article 312 of the Constitution to recommend appointments to All-India Services
  • B. A Cabinet Committee, chaired by the Prime Minister with the Union Home Minister as the only other member, that approves senior government and regulatory appointments
  • C. A statutory body created under the Transaction of Business Rules, headed by the Cabinet Secretary, that finalises postings of Secretaries to the Government of India
  • D. A parliamentary committee that scrutinises and ratifies appointments to constitutional posts before the Presidential warrant is issued

Q5. The post of Deputy Governor of the Reserve Bank of India, to which Rohit Jain was appointed in May 2026, is provided for under which one of the following provisions?

  • A. Section 7 of the Reserve Bank of India Act, 1934
  • B. Section 8 of the Reserve Bank of India Act, 1934
  • C. Section 17 of the Banking Regulation Act, 1949
  • D. Section 45 of the Reserve Bank of India Act, 1934