Discussion
Who is the 8th deputy governor to become governor at RBI?
Answer: B
Correct answer: Urjit Patel
Urjit Patel became the eighth Deputy Governor to be elevated to Governor of the Reserve Bank when he succeeded Raghuram Rajan in September 2016.
He had served as Deputy Governor in charge of monetary policy since 2013 and chaired the expert committee whose 2014 report proposed the inflation targeting framework - so his appointment brought to the top the architect of the régime the Finance Act 2016 had just given statutory form. Internal elevation is one of two routes to the office, the other being appointment from the civil service.
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