The correct answer is: D. Eleventh
The Eleventh Finance Commission was constituted by the President of India on 29 November 2007 under the chairmanship of Dr. Vijay Kelkar. The Commission submitted its report on 15 December 2009.
The Commission was tasked with making recommendations on the distribution of central taxes between the Centre and the States, the principles governing grants-in-aid to States, and the measures needed to improve the fiscal management of both the Centre and the States.
The Commission made a number of recommendations, including:
- Increasing the share of central taxes allocated to the States from 32.5% to 42%.
- Introducing a new system of revenue sharing, based on the principle of devolution.
- Providing additional grants-in-aid to States for specific purposes, such as education, health, and infrastructure.
- Strengthening the fiscal management of both the Centre and the States.
The Commission’s recommendations were accepted by the Government of India and have been implemented since 2010.
The other options are incorrect because:
- The Tenth Finance Commission was constituted in 1995.
- The Ninth Finance Commission was constituted in 1988.
- The Thirteenth Finance Commission was constituted in 2010.