Option 1 -> D. Subbarao was the 22nd Governor of RBI who served from 2008 to 2013, not the recent 2024 appointee.
Option 2 -> Sanjay Malhotra, a 1990-batch IAS officer and former Revenue Secretary, was appointed as the 26th Governor of RBI in December 2024.
Option 3 -> Y. Venugopal Reddy served as the 21st Governor of RBI from 2003 to 2008, preceding D. Subbarao.
Option 4 -> Raghuram Rajan was the 23rd Governor of RBI who served from 2013 to 2016, known for his reforms during that period.
Hence, Option 2: Sanjay Malhotra -> He succeeded Shaktikanta Das and took office on December 11, 2024, becoming the 26th Governor of the Reserve Bank of India with a three-year tenure -> correct