Urjit Patel to Take Over for Rajan at RBI

The video discusses the transition from Raghuram Rajan to Urjit Patel as the head of the RBI. Raghuram Rajan was a popular figure among investors, known for his vocal stance on social issues and economic reforms. His departure raised concerns about continuity in policies. Urjit Patel, Rajan's deputy, was chosen as his successor, which reassured investors due to his involvement in previous reforms and his focus on inflation control. Unlike Rajan, Patel is more introverted and prefers a low-profile approach, which some believe may have influenced his selection. Overall, the transition is seen as a positive signal of stability to global investors.

What was the initial reaction of investors to Raghuram Rajan's decision not to seek a second term?

• They were relieved.

• They were excited.

• They were apprehensive.

• They were indifferent.

Why are investors pleased with Urjit Patel's appointment?

• He has experience and was involved in major reforms.

• He promises to change all existing policies.

• He is known for his vocal criticism of the government.

• He is a new face with fresh ideas.

How does Urjit Patel's leadership style differ from Raghuram Rajan's?

• Patel is more vocal and critical.

• Patel is less experienced in monetary policy.

• Patel is more introverted and low-profile.

• Patel focuses more on social issues.

What aspect of Patel's appointment reassures investors the most?

• His plan to increase inflation.

• His intention to reduce foreign investments.

• His promise to overhaul all policies.

• His focus on continuity and stability.

What is Urjit Patel's primary focus as the new head of the RBI?

• Controlling inflation and continuing reforms.

• Increasing government spending.

• Reducing interest rates drastically.

• Focusing solely on social issues.