Who among the following is currently the Governor of the Reserve Bank of India (RBI) as of 2024?
Shaktikanta Das
RBI Governor Role Explained
The Reserve Bank of India (RBI) is India's central bank, responsible for monetary policy, regulating banks, and managing currency. The Governor of the RBI is the chief executive of the institution and plays a crucial role in managing the country's financial stability and economic growth.
Analyzing RBI Governor Candidates
The question asks to identify the current Governor of the Reserve Bank of India (RBI) as of 2024. Let's examine the individuals listed as options:
Option 1: Raghuram Rajan
Raghuram Rajan served as the 23rd Governor of the RBI from September 2013 to September 2016. He is known for his significant contributions to economic policy and financial stability during his term.
Option 2: Duvvuri Subbarao
Duvvuri Subbarao served as the 22nd Governor of the RBI for a five-year term from September 2008 to September 2013. His tenure involved navigating the global financial crisis.
Option 3: Urjit Patel
Urjit Patel succeeded Raghuram Rajan and served as the 24th Governor of the RBI from September 2016 until his resignation in December 2018. His tenure was shorter than expected.
Option 4: Shaktikanta Das
Shaktikanta Das, a former Indian Administrative Service (IAS) officer, took charge as the 25th Governor of the RBI on December 11, 2018. He continues to hold this position in 2024.
Current RBI Governor Identification
Based on the tenures, Shaktikanta Das is the individual who has been serving as the Governor of the Reserve Bank of India since late 2018 and continues in this role in 2024. The other individuals listed were previous governors.
- Raghuram Rajan: Former Governor (2013-2016)
- Duvvuri Subbarao: Former Governor (2008-2013)
- Urjit Patel: Former Governor (2016-2018)
- Shaktikanta Das: Current Governor (2018-Present)
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Select the correct answer using the code given below:
The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to
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(2) To make the people’s deposits with banks safe and liquid
(3) To prevent commercial banks from making excessive profits
(4) To force the banks to have sufficient vault cash to meet their day-to-day requirements
Select the correct answer using the code given below.
If the interest rate is decreased in an economy, it will
The lowering of Bank Rate by the Reserve Bank of India leads to:
