Question

Who wrote the book 'I Do What I Do'?

• A. Shashi Tharoor
• B. Raghuram Rajan
• C. APJ Abdul Kalam
• D. IK Gujral

Hint:

To remember this text effortlessly for competitive exams, link the independent, bold monetary stance of the title "I Do What I Do" directly to the decisive actions taken by former RBI Governor Raghuram Rajan when managing complex macroeconomic variables.

Answer 1

The Correct Option is B

Concept: The publication of memoirs and collections of essays by public intellectuals and policymakers serves as a vital record of contemporary socio-economic history. Such works provide detailed commentary on the challenges of institutional governance, macroeconomic stability, fiscal administration, and the execution of structural reforms within complex developing economies like India.

Step 1:
The non-fiction book titled 'I Do What I Do' was written by the eminent Indian economist

Dr. Raghuram Rajan. Dr. Rajan served as the 23rd Governor of the Reserve Bank of India (RBI) from September 2013 to September 2016 and is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

Step 2:
Published in September 2017, the book compiles a structured series of speeches, lectures, and commentary delivered by Dr. Rajan during his consequential three-year institutional tenure at the helm of India's central bank. The book systematically explores several highly significant economic events and frameworks:

• Monetary Policy Frameworks: Explaining the institutional transition of the RBI toward a formalized inflation-targeting framework.

• Banking Reforms: Highlighting his rigorous regulatory crackdown on non-performing assets (NPAs) through the comprehensive Asset Quality Review (AQR) to clean up commercial banking balance sheets.

• Institutional Autonomy: Discussing the critical importance of maintaining the independent operational character of a central bank when dealing with market pressures and political governance.

• The Book's Title Origin: The phrase "I Do What I Do" stems from a famous direct quote delivered by Dr. Rajan during a press conference in September 2015. When questioned by journalists about his specific interest-rate policy stances and whether he was being too conservative or leaning towards popular expectations, he responded firmly: "My name is Raghuram Rajan and I do what I do." This encapsulated his uncompromising commitment to data-driven economic stability.

Step 3:
To ensure comprehensive clarity, let us review the distinct literary and political contributions of the other eminent options:

• Shashi Tharoor: A prolific Indian politician, former international diplomat, and acclaimed author of numerous books including An Era of Darkness: The British Empire in India, The Paradoxical Prime Minister, Inglorious Empire, and Why I Am a Hindu. While he writes extensively on historical, political, and cultural themes, he did not author this financial memoir.

• APJ Abdul Kalam: The revered aerospace scientist who served as the 11th President of India. Dr. Kalam authored seminal, deeply motivational books aimed at national development and youth empowerment, including Wings of Fire: An Autobiography, Ignited Minds: Unleashing the Power Within India, Indomitable Spirit, and Target 3 Billion.

• IK Gujral: Inder Kumar Gujral served as the 12th Prime Minister of India. His principal literary legacy includes a comprehensive political autobiography detailing foreign policy dimensions (specifically the 'Gujral Doctrine') titled Matters of Discretion: An Autobiography.
Consequently, evaluating the explicit macro-financial subject matter of the text confirms that option (B) is the correct answer.