Concept:
This question tests general knowledge regarding the history of the Indian presidency and constitutional milestones.
Step 1: Verifying historical dates and numerical order.
Following the end of President Ram Nath Kovind's term (who served as the 14th President of India), presidential elections were held in mid-2022. Smt. Droupadi Murmu won the election and took the official oath of office administered by the Chief Justice of India on 25 July, 2022.
Step 2: Determining the precise presidential count designation.
Smt. Droupadi Murmu is the 15th individual to hold the office of President of India. She is also the first person from a tribal community and the second woman (after Smt. Pratibha Patil) to achieve this position.
Step 3: Evaluating the option variants.
Let's cross-check the options:
• Option (A) states 16th President (Incorrect order).
• Option (B) states 15th President on 25 July, 2022 (Perfect match).
• Option (C) states the year 2023 (Incorrect year).
• Option (D) states 14th President (Incorrect order).
This leaves Option (B) as the correct choice.