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Who is the author of 'I Do What I Do'?
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Answer: Option A — Raghuram Rajan
Detailed Solution
"I Do What I Do: On Reform, Rhetoric and Resolve" is a book by Raghuram G. Rajan, published in 2017. It is a collection of his speeches and writings from his time as Governor of the Reserve Bank of India (RBI).
About the book:
The title comes from a remark Rajan made at a press conference in 2013, when asked whether he was a "hawk" or a "dove" on interest rates. He replied, "My name is Raghuram Rajan, and I do what I do."
The book covers his work on controlling inflation, introducing inflation targeting, cleaning up bad loans in banks (the Asset Quality Review), financial inclusion and banking reforms.
It also includes his views on demonetisation, tolerance and the role of the central bank.
About Raghuram Rajan:
- He was born in 1963 in Bhopal, Madhya Pradesh.
- He studied at IIT Delhi, IIM Ahmedabad and MIT.
- He was the youngest and first non-Western Chief Economist of the International Monetary Fund (IMF), from 2003 to 2006.
- In 2005, he warned about risks in the financial system, before the global financial crisis of 2008.
- He served as Chief Economic Adviser to the Government of India (2012-2013) and as the 23rd Governor of the RBI (September 2013 to September 2016).
- He is a professor at the University of Chicago Booth School of Business.
His other books:
- "Fault Lines" (2010), which won the Financial Times-Goldman Sachs Business Book of the Year Award.
- "Saving Capitalism from the Capitalists" (2003, with Luigi Zingales).
- "The Third Pillar" (2019), on the role of communities alongside markets and the state.
- "Breaking the Mould" (2023, with Rohit Lamba).
Books by other RBI governors and economists:
- Urjit Patel: "Overdraft: Saving the Indian Saver" (2020).
- Subbarao: "Who Moved My Interest Rate?" (2016).
- V. Reddy: "Advice and Dissent" (2017).
- Amartya Sen: "Poverty and Famines", "Development as Freedom", "The Argumentative Indian".
Why not the other options?
- ✗Urjit Patel wrote "Overdraft".
- ✗Amartya Sen won the Nobel Prize in Economics (1998).
- ✗V. Reddy wrote "Advice and Dissent".
Quick tip
Remember: "I Do What I Do" = Raghuram Rajan (2017, RBI Governor 2013-16); also "Fault Lines", "The Third Pillar"; "Overdraft" = Urjit Patel; "Who Moved My Interest Rate?" = D. Subbarao.
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Books & Authors — Preparation
This question tests your understanding of Books & Authors, a key topic in the General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
This topic covers famous books and their authors, including ancient Indian texts, works of the freedom struggle, classic and modern literature, autobiographies of famous people, and recently published books by well-known personalities. Questions usually name a book and ask for its author, or the other way round. Ancient and historical books, such as Arthashastra (Kautilya), Indica (Megasthenes) and Gitanjali (Rabindranath Tagore), are tested most often. Autobiographies are another favourite, so learn titles such as 'My Experiments with Truth' (Mahatma Gandhi) and 'Wings of Fire' (A. P. J. Abdul Kalam). Practise the books and authors questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.