Who among the following was the first Indian Governor of the Reserve Bank of India?

Correct option is C

Sol: The correct answer is (c) CD Deshmukh

Key points:

• The first Indian Governor of the Reserve Bank of India (RBI) was C.D. Deshmukh.
• He assumed office on August 11, 1943, during British rule. His appointment marked a significant milestone in the history of the RBI, reflecting India's progress towards indigenous leadership in its financial sector.
• ​The first Governor of the Reserve Bank of India was Sir Osborne Smith, who held the position from April 1, 1935, until June 30, 1937
• The RBI was established on April 1, 1935, based on the recommendations of the Hilton Young Commission and was nationalized on January 1, 1949.
• ​The Reserve Bank of India Act, 1934 is a significant piece of legislation that established the Reserve Bank of India (RBI) as the central bank of the country
  

Information booster:

• ​As of December 2024,Sanjay Malhotrais the present Governor of the Reserve Bank of India (RBI). He assumed office on December 11, 2024, succeeding Shaktikanta Das.
  
• RBI is served by 4 Deputy Governors at any point in time. Currently, those 4 Deputy Governors are Shri Sawami Nathan J, Dr.M.D. Patra, M Rajeshwar Rao, and T Rabi Shankar.