Board of Bank for International Settlements

Q.  Which of the following statements is/are correct about the Bank for International Settlements (BIS)?

1. Central bank governors of Belgium, France, Germany, Italy, the United Kingdom and the United States are ex-officio directors of board.
2. Raghuram Rajan, Governor of Reserve Bank of India (RBI), has been elected as Chairman of the Bank of International Settlement (BIS).
- Published on 16 Nov 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
- Raghuram Rajan, Governor of Reserve Bank of India (RBI), has been elected vice-chairman of the Bank of International Settlement (BIS).
- The board of directors elects a chairman and a vice-chairman from among its members each for a three-year term.
- Nine governors of other member central banks may be elected to the board.
- The BIS board meets at least six times a year.

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