The correct answer is A. The Governor.
The State Finance Commission in Karnataka is constituted by the Governor of Karnataka. The Commission is constituted every five years to review the financial position of the State and to make recommendations to the Government on the distribution of resources between the State and the local bodies.
The Commission consists of a Chairman and four members, all of whom are appointed by the Governor. The Chairman is a person who has held a high judicial office or who is an eminent person in the field of finance or economics. The members of the Commission are persons who have experience in public administration, finance, economics, law, or local government.
The Commission is required to submit its report to the Government within a period of one year from the date of its constitution. The Government is required to consider the recommendations of the Commission and to take appropriate action within a period of six months from the date of receipt of the report.
The State Finance Commission plays an important role in ensuring that the resources of the State are equitably distributed between the State and the local bodies. The recommendations of the Commission are also helpful in improving the financial management of the local bodies.
The other options are incorrect.
Option B: The Chief Minister is the head of the State Government. The Chief Minister does not have the power to constitute the State Finance Commission.
Option C: The Legislative Assembly is the lower house of the State Legislature. The Legislative Assembly does not have the power to constitute the State Finance Commission.
Option D: The High Court is the highest court in the State. The High Court does not have the power to constitute the State Finance Commission.