Question : Who among the following was the first 'Minister of Finance' in independent India?
Option 1: R. K. Shanmukham Chetty
Option 2: Liaquat Ali Khan
Option 3: John Mathai
Option 4: Satya Narayan Sinha
Correct Answer: R. K. Shanmukham Chetty
Solution : The correct answer is R. K. Shanmukham Chetty .
From 1947 to 1949, R. K. Shanmukham Chetty was India's first finance minister after independence. He gave the first Indian Union budget since independence. The head of the Ministry of Finance in the Indian government is known as the Minister of Finance. The government's fiscal policies are under the direction of the finance minister, one of the most important positions in the Union Cabinet.
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