Current context: Michael Debabrata Patra has been appointed as Deputy Governor of the Reserve Bank of India (RBI).
a. Janak Raj
b. Michael Debabrata Patra
c. Subhash Chandra Garg
d. Bharat Doshi
- 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
