Who has been appointed as a Deputy Governor of RBI in January 2020?
Michael Patra
RBI Deputy Governor Appointment in January 2020
The Reserve Bank of India (RBI) is the central banking institution of India, responsible for the regulation of the Indian banking system and controlling monetary policy. The RBI is headed by the Governor, assisted by several Deputy Governors.
The appointment of a Deputy Governor is a significant event in the Indian financial landscape, impacting monetary policy decisions and regulatory oversight.
In January 2020, there was an appointment to the position of Deputy Governor at the RBI.
Let's consider the individuals listed in the options:
- S S Mundra
- Urijit R Patel
- Viral V Acharya
- Michael Patra
Reviewing appointments made around that time, it is known that Dr. Michael Patra was appointed as a Deputy Governor of the Reserve Bank of India in January 2020. Prior to this appointment, he served as an Executive Director at the RBI.
This appointment was made for a period of three years, filling a vacancy that had existed since the resignation of Viral Acharya.
Therefore, the individual appointed as a Deputy Governor of RBI in January 2020 was Michael Patra.
Important Questions from RBI
Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?
1. It decides the RBI's benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.
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
In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
(1) To enable the Central Bank to control the amount of advances the banks can create
(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:
