Explanation: The Reserve Bank of India (RBI) is the central banking institution of India, responsible for regulating the monetary policy and maintaining the stability of the Indian financial system. The Governor of the RBI is a key figure in this process, playing a significant role in shaping the country's economic policies and financial regulations.
The Governor of the RBI is appointed by the Government of India and serves a tenure of four years, which can be extended under certain conditions. The role of the Governor is crucial as they are responsible for setting interest rates, managing the country's foreign exchange reserves, and ensuring the overall health of the banking system.
In recent years, the RBI has seen several changes in its leadership. Raghuram Rajan served as the Governor from 2013 to 2016, followed by Urjit Patel, who held the position from 2016 to 2018. Shaktikanta Das was appointed as the Governor of the RBI in December 2018, succeeding Urjit Patel. As of the current date, Shri Shaktikanta Das is the incumbent Governor of the RBI.
Understanding the current leadership of the RBI is important for students preparing for competitive examinations such as the UPSC Civil Services, Banking Exams, SSC, and State PSC. These exams often test knowledge of the Indian financial system and the roles of key institutions and individuals within it. Keeping track of recent changes in leadership and understanding the roles and responsibilities of the RBI Governor are essential for success in these examinations.
In summary, the correct answer to the question "Who is the new Governor of the Reserve Bank of India?" is Shri Shaktikanta Das. This information is crucial for anyone studying Indian General Knowledge, particularly in the context of the Indian financial system and governance.