RBI announces constitution of an Expert Committee on Benchmarking of its Statistics

Current Context: The Reserve Bank of India (RBI) has recently set up an Expert Committee on Benchmarking of its Statistics.

• This committee, chaired by Deputy Governor Michael Debabrata Patra, aims to align the RBI’s statistical practices with global standards.
• The 10-member committee will review the quality of the statistics regularly disseminated by the RBI and provide guidance on potential improvements.
• The committee is expected to submit its report by the end of November 2024.

Question:

1. Who is the chairperson of the RBI’s Expert Committee on Benchmarking of its Statistics?

• A) Shaktikanta Das
• B) Michael Debabrata Patra
• C) Raghuram Rajan
• D) Urjit Patel

Answer: B) The committee is chaired by Deputy Governor Michael Debabrata Patra