Reserve Bank of India Governor Resignation in December 2018

This question asks about the Governor of the Reserve Bank of India (RBI) who resigned in December 2018. The RBI is the central bank of India and its Governor is a key figure in the country's economic management.

Let's analyze the provided options to determine who was the RBI Governor during that specific time and who resigned:

• Urjit Patel: Urjit Patel served as the 24th Governor of the Reserve Bank of India. He assumed office in September 2016. There were significant reports and news regarding his resignation from the post in December 2018.
• P Chidambaram: P Chidambaram is a prominent Indian politician and was formerly the Finance Minister of India multiple times. He has never served as the Governor of the Reserve Bank of India.
• Narendra Modi: Narendra Modi is the current (as of the time frame of the question) Prime Minister of India. He holds a political office and is not associated with the position of RBI Governor.
• Dr. Manmohan Singh: Dr. Manmohan Singh is an economist and politician who served as the Prime Minister of India. He also previously served as the Governor of the Reserve Bank of India, but that tenure was from 1982 to 1985, long before December 2018.

Based on the information about the individuals and the timeline mentioned in the question, Urjit Patel was indeed the Governor of the Reserve Bank of India in December 2018 and submitted his resignation during that month.

Revision Table: Key Figures Related to Indian Economy

Additional Information about the Reserve Bank of India (RBI) Governor

The Governor of the Reserve Bank of India is the chief executive and chairperson of the central bank. The Governor is appointed by the Central Government for a term typically not exceeding five years and can be re-appointed. The role is crucial for implementing monetary policy, regulating the banking system, and managing foreign exchange reserves, playing a vital role in the Indian economy.

Key functions of the RBI Governor include:

• Formulating and implementing monetary policy.
• Regulating and supervising the banking and non-banking financial institutions.
• Managing the foreign exchange market.
• Issuing currency notes.
• Acting as a banker to the government and banks.

The resignation of an RBI Governor is a significant event in the financial landscape, often drawing considerable attention regarding the reasons and potential implications for the central bank's autonomy and economic policy.