The government has extended the tenure of M. Rajeshwar Rao as Deputy Governor of the Reserve Bank of India for how long from 9 October 2024?

Correct option is B

The correct option is (B) 1 year.

Explanation:
The Government of India has extended the tenure of M. Rajeshwar Rao as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year, effective from 9 October 2024. This decision was approved by the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi. ​

Information Booster:

• Initial Appointment: M. Rajeshwar Rao was appointed as RBI Deputy Governor in October 2020 for a three-year term.

• Previous Extensions: His tenure was extended by one year in October 2023.

• Current Role: He oversees key departments including regulation, risk monitoring, communication, enforcement, and legal.

• Career Background: Rao joined the RBI in 1984 and has held various significant positions, including Executive Director and Banking Ombudsman. ​

• RBI Deputy Governors: The Reserve Bank of India has four Deputy Governors, each responsible for different portfolios, contributing to the central bank's operations and policy implementation.

• Tenure Extensions: Extensions of tenure for RBI officials are subject to government approval and are typically granted based on performance and the institution's requirements.