CURRENT AFFAIRS

Detailed explanation-1: -Kaushik Basu is Senior Vice President and Chief Economist of the World Bank. He is the second Chief Economist from a developing country and the first Indian.

Detailed explanation-2: -Basu currently teaches at Cornell University, where he has a joint appointment as an economics professor in the Department of Economics and the SC Johnson College of Business.

Detailed explanation-3: -Mr. Basu is a Fellow of the Econometric Society and received the title Padma Bhushan which is one of the highest civilian awards given by the President of India. Mr. Basu’s contributions span development economics, welfare economics, industrial organization and game theory.

Detailed explanation-4: -The correct answer is Kaushik Basu. World Bank Group President Jim Yong Kim announced the appointment of Kaushik Basu as the institution’s new Chief Economist and Senior Vice President on 5th September 2012. He becomes the first Indian appointed as the chief economist of the World Bank.

Detailed explanation-5: -Indermit Gill is appointed the new Chief Economist of the World Bank Group and Senior Vice-President for Development Economics. Let’s delve into Gill’s contributions to development economics and more. Indermit Gill is the second Indian to take up the coveted role of Chief Economist at World Bank after Kaushik Basu.