ECONOMICS (CBSE/UGC NET)

ECONOMICS

FISCAL POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How does someone become a member of the Board of Governors?
A
Appointed by Congress
B
Nominated by President
C
Voted on by American citizens
D
Chosen by the Chairman of the Fed
Explanation: 

Detailed explanation-1: -Appointment of Governor : The Governor of a State shall be appointed by the President by warrant under his hand and seal. Article 156.

Detailed explanation-2: -The governor appoints the chief minister of a state, the advocate general and the chairman and members of the State Public Service Commission. Apart from this, the state election commissioner is also appointed by the governor (though removed by the president).

Detailed explanation-3: -A person to be eligible for appointment as Governor should be citizen of India and has completed age of 35 years (Article 157). The Governor shall not be a member of the Legislature or Parliament; shall not hold any office of profit, shall be entitled to emoluments and allowances.

Detailed explanation-4: -Jerome H. Powell. Chair. Board of Governors. Michelle W. Bowman. Governor. Board of Governors. Lisa D. Cook. Governor. Board of Governors. Philip N. Jefferson. Governor. Board of Governors. Christopher J. Waller. Governor. Lael Brainard. Vice Chair. Board of Governors. Randal K. Quarles. Vice Chair for Supervision. Janet L. Yellen. Chair. More items

There is 1 question to complete.