The primary function of the Finance Commission in India is to

Explanation

Article 280 of the Constitution provides for the constitution of a Finance Commission by the President every five years or earlier, if necessary. The main function of the Finance Commission is to submit recommendations to the President regarding the distribution of the net proceeds of taxes between the Union and the States, and the allocation of the respective shares among the States. ## Page 40 ## 6. Who was the Chairman of the 12th Finance Commission? (a) Professor D. T. Lakdawala (b) Dr. C. Rangarajan (c) Shri Digvijay Singh (d) Shri K. C. Pant 45th B.P.S.C. (Pre) 2001 Ans. (b) The 12th Finance Commission, constituted on 1 November 2002, was chaired by Dr. C. Rangarajan, former Governor of the Reserve Bank of India. The recommendations of the 12th Finance Commission were for the period 2005–10. The 15th Finance Commission was constituted under the chairmanship of N. K. Singh on 27 November 2017. Its recommendations were originally to apply from 2020 to 2025; however, they were implemented in two phases, namely 2020–21 and 2021–26. ## 7. Which of the following is NOT a member of the 15th Finance Commission? (a) Ashok Kumar Lahiri (b) Sudipto Mundle (c) Ramesh Chand (d) Ajay Narayan Jha (e) None of the above/More than one of the above 67th B.P.S.C. (Pre) 2022 Ans. (b) The 15th Finance Commission was constituted on 27 November 2017 under the chairmanship of N. K. Singh. It had four members—Ajay Narayan Jha, Dr. Ashok Kumar Lahiri, Dr. Anoop Singh, and Professor Ramesh Chand.…