Who was the Governor of RBI during the demonetization in 1946?

Question

Question

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Answer 1

The correct answer is Chintaman Dwarakanath Deshmukh

Key Points

Chintaman Dwarakanath Deshmukh was the Governor of the Reserve Bank of India during the demonetization in 1946.
He served as the Governor of RBI from August 11, 1943, to June 30, 1949.
The demonetization of 1946 was aimed at curbing black money and counterfeit currency.
During his tenure, the RBI played a crucial role in managing the monetary policy and regulating the issuance of currency in India.

Additional Information

Chintaman Dwarakanath Deshmukh was the first Indian to be appointed as the Governor of the Reserve Bank of India.
He later served as the Finance Minister of India from 1950 to 1956.
Deshmukh was awarded the Padma Vibhushan in 1975 for his contributions to the Indian economy and public affairs.
The demonetization in 1946 involved the withdrawal of Rs 1,000 and Rs 10,000 notes from circulation.
It was the first major demonetization exercise in independent India, followed by another one in 1978 and the most recent in 2016.