WBCS.LIVE practice question

Who is the current Chairperson of the 16th Finance Commission of India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. N.K. Singh
  2. Arvind Panagariya
  3. Raghuram Rajan
  4. Shaktikanta Das

Correct answer and explanation

Correct answer: Arvind Panagariya

Explanation: āœ… Correct Answer: (B) Arvind Panagariya šŸ“š Explanation: Arvind Panagariya, the former Vice-Chairman of NITI Aayog, was appointed as the Chairman of the 16th Finance Commission in early 2024. The commission's recommendations will cover the five-year period starting April 1, 2026. The Finance Commission is a constitutional body formed under Article 280 to recommend the distribution of tax revenues between the Union and the States. N.K. Singh headed the 15th Commission.