Who was the Chairman of the Twelfth Finance Commission?

Question

UnlockIAS · Accepted Answer

Correct — B, Dr. C. Rangarajan. Dr. C. Rangarajan, an economist and former RBI Governor, chaired the Twelfth Finance Commission (constituted in 2002), which submitted its report in 2004 covering the award period 2005–2010.

Why the other options are wrong — (a) A.M. Khusro chaired the Eleventh Finance Commission (award period 2000–05), the one immediately before the Twelfth.  (c) Dr. Vijay Kelkar chaired the Thirteenth Finance Commission (award period 2010–15), the one immediately after the Twelfth.  (d) Dr. Y.V. Reddy chaired the Fourteenth Finance Commission (award period 2015–20), two commissions after the Twelfth.

Concept: The Finance Commission (Article 280 of the Constitution) is reconstituted every five years to recommend how tax revenue is shared between the Union and the States. Each Commission is best remembered by its chairman and its 'award period': 11th = A.M. Khusro (2000–05), 12th = Dr. C. Rangarajan (2005–10), 13th = Dr. Vijay Kelkar (2010–15), 14th = Dr. Y.V. Reddy (2015–20).

State PCS 2023 Q23 — Indian Polity PYQ with Answer

State PCS 2023 Q23 — Indian Polity PYQ with Answer