Question

Who was the first governor of RBI?

• A. Sir Osborne Smith
• B. Sir Bengal Rama Rao
• C. Sir James Braid Taylor
• D. Sir Chintaman and D. Deshmukh

Hint:

Exam Tip:
First Governor of RBI: Sir Osborne Smith (British).
First Indian Governor of RBI: Sir C.D. Deshmukh.
Establishment of RBI: April 1, 1935.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
This question tests knowledge of the history of the Reserve Bank of India (RBI), specifically its first governor.

Step 2: Historical Background of RBI:
The Reserve Bank of India was established on April 1, 1935, under the Reserve Bank of India Act, 1934.
The first governor of the RBI was Sir Osborne Smith.
He served as the Governor of RBI from its inception in 1935 until 1937.

Step 3: Evaluating Other Options:

• (B) Sir Bengal Rama Rao: He served as a Deputy Governor and later as a member of the Central Board of Directors, but he was not the first governor.
• (C) Sir James Braid Taylor: He served as the second governor of RBI (1937-1943).
• (D) Sir Chintaman and D. Deshmukh: Sir C.D. Deshmukh served as the fourth governor of RBI (1943-1949). He was the first Indian to hold the position.

Step 4: Final Answer:
The first governor of RBI was Sir Osborne Smith. Therefore, option (A) is correct.