Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

Who has been appointed as a Deputy Governor of RBI in January 2020?

A.
S S Mundra
B.
Urijit R Patel
C.
Viral V Acharya
D.
Michael Patra

Solution:

The correct answer is Michael Patra. Michael Patra is an Indian economist and central banker. A career Reserve Bank of India officer, he was appointed as Deputy Governor of RBI in January 2020. Patra joined the Reserve Bank of India (RBI) in 1985. Before his appointment as deputy governor, Patra served as the executive director of the monetary policy department of RBI”where he moved to in 2006”and as such, was an internal member of the powerful Monetary Policy Committee. Earlier, Patra served as an adviser in charge of international finance, money, and banking in RBI's department of economic analysis. From December 2008 and June 2012, Patra served on deputation to the International Monetary Fund as senior adviser to India's executive director at the fund. Additional InformationUrjit Patel is an Indian economist, who served as the 24th Governor of the Reserve Bank of India from 4 September 2016 to 10 December 2018. Viral V. Acharya is an Indian economist who was appointed as Deputy Governor of Reserve Bank of India. He also served as a member of the advisory council of the RBI Academy and was a member of the Academic Council of the National Institute of Securities Markets, Securities and Exchange Board of India since 2014.

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