Question

Who was the 13th chairman of the Finance Commission of India?
A. Indira Rajaraman.
B. C. Rangarajan.
C. Vijay Kelkar.
D. None of the above.

Answer 1

Hint: The Finance Commissions are the commissions that are periodically constituted by the President of India under Article 280 of the Indian Constitution where it has to define the financial relations between the central government of India and hence, the individual state governments.

Complete answer:
The 13th Finance Commission of India was constituted by the President of India under the chairmanship of Dr Vijay L. Kelkar on 13 November 2007. The 13th Finance Commission which was constituted by the President under Article 280 of the Constitution that was held on 13 November 2007 to form the recommendations for the amount of 2010 to 2015. Dr Vijay Kelkar was appointed as the Chairman of the Commission.

The Finance Commission of India came into existence in the year of 1951. The Finance Commission of India had been established under Article 280 of our Indian Constitution by the President of India. It had been formed to define the financial relations between the middle and therefore the state.

The Finance Commission is directed by the President of India under Article 280 of the Constitution, mainly to offer its recommendations on the distribution of tax revenues between the Union and therefore the States and amongst the States themselves.

Thus the correct answer is option ‘C’.

Note: The recommendations that were made by the Finance Commission are advisory in nature and, hence, not binding on the government. So far, 14 Finance Commissions are constituted and therefore the last one submitted its report back to the government in December 2014.