Current Affairs

Michael Debabrata Patra appointed as RBI Deputy Governor

Current context: Michael Debabrata Patra has been appointed as Deputy Governor of the Reserve Bank of India (RBI).
Michael Debabrata Patra appointed as RBI Deputy Governor
  • He will be the fourth Deputy Governor of the RBI and has been appointed to the post for a period of 3 years.
  • He was looking after the Monetary Policy Department as the Executive Director and was also an internal member of the monetary policy committee (MPC).
  • Michael Debabrata Patra is a career central banker who joined RBI in 1985.
  • He has a PhD in Economics from the Indian Institute of Technology, Mumbai and his PhD thesis were entitled "The Role of Invisibles in India's Balance of Payments: A Structural Approach".
  • The Deputy Governor post was lying vacant after Viral V Acharya resigned from the post in June 2019.
  • The RBI, headed by Governor Shaktikanta Das, can have a maximum of four Deputy Governors.
  • The other three deputy governors are N S Vishwanathan, BP Kanungo and M K Jain.

Question:

Q.1  _____________ has been appointed as Deputy Governor of the Reserve Bank of India (RBI) after Viral V Acharya resigned from the post in June 2019?
a. Janak Raj
b. Michael Debabrata Patra
c. Subhash Chandra Garg
d. Bharat Doshi
Michael Debabrata Patra appointed as RBI Deputy Governor Michael Debabrata Patra appointed as RBI Deputy Governor Reviewed by Neha Verma on January 15, 2020 Rating: 5

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