Dr Urjit Patel reappointed as deputy governor of RBI

Q.  Which of the following statements is/are correct about Deputy Governor of RBI?

1. The tenure of Deputy Governor is five years or till the age of 62, whichever is earlier.
2. RBI has provision for three deputy governors.
- Published on 11 Jan 16

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
- RBI has four Deputy Governors. Two are from outside, a commercial banker and an economist and two others are promoted from within its ranks.
- Deputy Governor of RBI can be appointed for a period of five years or till the age of 62, whichever is earlier. Current other three Deputy Governors of RBI are:R. Khan, S.S. Mundra and R. Gandhi.
- The Union Government has reappointed Dr Urjit Patel as Deputy Governor of Reserve Bank of India (RBI).
- Dr Urjit Patel headed committee to review the monetary policy framework.

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