Who among the following was the Chairperson of the Fifteenth Finance C

Who among the following was the Chairperson of the Fifteenth Finance Commission ?

[amp_mcq option1=”A.N. Jha” option2=”N.K. Singh” option3=”Anoop Singh” option4=”Ashok Lahiri” correct=”option2″]

This question was previously asked in

UPSC CISF-AC-EXE – 2021

The Fifteenth Finance Commission (XV-FC) was constituted by the President of India under Article 280 of the Constitution. Mr. N.K. Singh (Nand Kishore Singh), a former Member of Parliament and retired IAS officer, was appointed as the Chairman of the Commission.

The Finance Commission is a constitutional body that recommends the division of tax revenues between the Union and the States, and among the States themselves, based on established criteria. It also suggests principles for grants-in-aid to States from the Consolidated Fund of India. The recommendations of the XV-FC covered the period from 2020-21 to 2025-26.

The XV-FC was initially mandated to submit recommendations for the period 2020-2025 but was later given an extended term and submitted two reports: a report for 2020-21 and a final report for 2021-2026. Other members of the commission included Ajay Narayan Jha (former Finance Secretary), Anoop Singh, Ashok Lahiri, and Ramesh Chand. Shaktikanta Das was also a member initially but resigned later.

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