Explanation:

- Option 1: RK Shanmukham Chetty

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

- He presented the first budget of Independent India on November 26, 1947.

- This is the correct answer.

- Option 2: CD Deshmukh

- CD Deshmukh was an Indian civil servant and economist.

- He served as the Finance Minister later, from 1950 to 1956.

- Option 3: Liaquat Ali Khan

- Liaquat Ali Khan was a prominent political figure in Pakistan.

- He served as the first Prime Minister and Finance Minister of Pakistan.

- Option 4: KC Neogy

- KC Neogy briefly served in various roles occupying different ministries.

- He was not the first Finance Minister of India.