Who among the following was the first Finance Minister of the Independent India?

RK Shanmukham Chetty

The correct answer is Option 1- RK Shanmukham Chetty

RK Shanmukham Chetty was the first Finance Minister of Independent India.

He served as Finance Minister from 15 August 1947 to 17 August 1948. He is known for presenting the first Union Budget of Independent India on 26 November 1947.

Shanmukham Chetty was a distinguished economist and politician. He was born in Coimbatore, Tamil Nadu, in 1892. He studied economics at the Madras Christian College and the University of London. After completing his education, he worked as a professor of economics at the University of Madras.

Shanmukham Chetty was a member of the Indian National Congress and played an important role in the Indian independence movement. He served as the President of the Indian Legislative Assembly from 1933 to 1935. He was also a member of the Constituent Assembly of India, which drafted the Constitution of India.

After independence, Shanmukham Chetty served as the Finance Minister of India. He was responsible for presenting the first Union Budget of Independent India. The budget was focused on economic development and job creation. Shanmukham Chetty also played an important role in formulating the Five-Year Plans, which were India's economic development plans.