Who was the first governor of the Reserve Bank of India?

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RRB ALP Fitter 23 Jan 2019 Official Paper (Shift 3)
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  1. Sir James Braid Taylor
  2. KR Puri
  3. HVR Iyengar
  4. Sir Osborne A Smith

Answer (Detailed Solution Below)

Option 4 : Sir Osborne A Smith
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Correct Answer-Option 4-Sir Osborne A Smith

  • Sir Osborne A Smith was the first governor of the Reserve Bank of India.
  • He held the post of the governor from 1 April 1935 to 30 June 1937.
  • However, please note that he never signed any Indian rupee notes during his tenure.
  • Lord Irwin, the Governor-General of India in 1930 conferred him with the knighthood.
  • The Reserve Bank of India controls the issue and supply of the Indian rupee. It is basically the regulator of the Banking system in India. It strategize monetary policy in India to control Inflation and money supply.
  • The RBI was nationalised on 1 January 1949.
  • Current Governor-Shaktikanta Das

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