The Finance Commission is a constitutional body. The 15th Finance Commission was constituted in November 2017. Who was its chairman?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → N.K. Singh
The Finance Commission is set up by the President under Article 280 of the Constitution, usually every five years, to recommend how tax revenue is shared between the Centre and the states. The 15th Finance Commission, constituted on 27 November 2017, was chaired by N.K. Singh, a former bureaucrat and Rajya Sabha member; its recommendations covered the years 2020–21 to 2025–26.