Question

The head of first finance commission was ______ and the head of fifteenth finance commission is __________.
1. N.K Singh; K.C Neogi
2. K. Santhanam; N.K Singh
3. K.C Neogi; N.K Singh
4. K. Santhanam; K.C Neogi

Answer 1

Correct Answer - Option 3 : K.C Neogi; N.K Singh

The correct answer is option (3) i.e. K.C Neogi; N.K Singh.

• Kshitish Chandra Neogi became the chairman of the first finance commision on 22 November 1951.
• N.K.Singh, former Member of Parliament and former Secretary to the Government of India will be the chairman of 15th finance commission.
• The Government of India, with the approval Hon’ble President of India, has constituted Fifteenth Finance Commission. The Commission will make recommendations for the five years commencing on April 1, 2020.
• The Finance Commission is a Constitutionally mandated body that is at the centre of fiscal federalism. Set up under Article 280 of the Constitution.
• The commission recommends the sharing of taxes between them, lay down the principles determining the distribution of these taxes among States