Michael Debabrata Patra appointed as RBI Deputy Governor

Published on January 15, 2020
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

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