Who has been appointed the Chairman of the 16th Finance Commission of India?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Dr. Arvind Panagariya
The 16th Finance Commission was set up on 31 December 2023 with economist Dr. Arvind Panagariya, former Vice-Chairman of NITI Aayog, as its Chairman. A Finance Commission is formed under Article 280 every five years to recommend how taxes are shared between the Centre and the states; the 16th covers the five years from 2026-27.