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Q76
(UPPCS/2021)
Polity & Governance › Constitutional & Statutory Bodies
Who among the following was the Chairman of the First Finance Commission of India ?
Result
Your answer:
—
·
Correct:
B
Explanation
The First Finance Commission of India was established in 1951 by the President of India under the provisions of Article 280 of the Constitution. Shri K. C. Neogy (Kshitish Chandra Neogy) was appointed as its Chairman. The commission submitted its report in 1952, covering the period from 1952 to 1957.
- Shri K. Santhanam was the Chairman of the Second Finance Commission.
- Shri A. K. Chanda was the Chairman of the Third Finance Commission.
- Dr. P. V. Rajamannar was the Chairman of the Fourth Finance Commission.
The Finance Commission is a constitutional body responsible for recommending the distribution of financial resources between the Union and the States.
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