Urijit Patel, Deputy Governor of RBI, reappointed for 3 years
Q. Urijit Patel, Deputy Governor of RBI has been reappointed for 3 years. How many deputy governors of RBI are there?- Published on 11 Jan 16a. 3
b. 4
c. 5
d. 6
ANSWER: 4
Urijit Patel, Deputy Governor of RBI in charge of the monetary policy department, has been appointed for a term of three years for the second time. Patel, 52, will finish his 3 year term on January 10, and has become the longest serving deputy governor in 2015-2016 if he serves the full three year term. Many of the recent deputy governors served a maximum period of only 5 years. A deputy governor can serve for the period of three years w.e.f taking on the charge on or after January 11,2016 or till further orders, whichever is earlier. A PhD from Yale University in Economics and graduate of the University of London and Oxford, he has served as the head of the U. Patel Committee proposing inflation targeting as the prime objective of the central bank. As per the agreement, RBI will target 4 percent inflation at the close of the financial year 2016-2017 and for subsequent years, with a band of +/- 2 percent. Other deputy governors of the RBI are H. R. Khan, R. Gandhi and S. S. Mundra.
