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    There is/are ____________ Deputy Governor(s) of the Reserve Bank of India. (As of the Jun 2022)
    Question

    There is/are ____________ Deputy Governor(s) of the Reserve Bank of India. (As of the Jun 2022)


    A.

    4


    B.

    1


    C.

    3


    D.

    2

    Correct option is A

    The correct answer is (A)   4

    Information booster:

    Reserve Bank of India

    • ​The Reserve Bank of India (RBI) is India's central bank, established on April 1, 1935, under the Reserve Bank of India Act, 1934.
    • Initially headquartered in Kolkata, it moved to Mumbai in 1937.
    • The RBI plays a crucial role in regulating the country's banking system, managing monetary policy, and ensuring economic stability.

    Functions:

    • Monetary Authority: Controls inflation, liquidity, and interest rates to maintain economic stability.
    • Currency Issuance: Issues and manages the Indian currency, except coins.
    • Regulator of Banks: Oversees commercial banks, cooperative banks, and financial institutions.
    • Foreign Exchange Management: Manages India's foreign exchange reserves and ensures currency stability.
    • Developmental Role: Promotes financial inclusion and supports rural and agricultural development.

    Important Facts:

    • The RBI was nationalized in 1949, making it fully owned by the Government of India.
    • It acts as the banker to the government and manages public debt.
    • The RBI emblem features a tiger and a palm tree, symbolizing strength and growth.
    • It operates through a central board of directors appointed by the government.
    • The current Governor of the RBI is Sanjay Malhotra (as of 2025).

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