Question

Who is the Chairman of the 14^th Finance Commission ?
1. Vijay Kelkar
2. Subir Gokarni
3. Nand Kishore Singh
4. Y.V. Reddy

Answer 1

Correct Answer - Option 4 : Y.V. Reddy

The correct answer is Y.V. Reddy.

• The 14th Finance Commission of India was established on January 2, 2013.
• Former Reserve Bank of India governor Y. V. Reddy served as the commission's chairman.
• Sushma Nath, M. Govinda Rao, Abhijit Sen, Sudipto Mundle, and AN Jha were among the group's members.
• The commission's recommendations were effective in April 2015, and they are in effect for a five-year term.
• Yaga Venugopal Reddy was the 21st Governor of the Reserve Bank of India.
  • He served as governor of the Reserve Bank of India from 6 September 2003 until 5 September 2008.
  • He was awarded Padma Vibhushan in 2010.

• Finance Commission is constituted under Article 280 of the Indian constitution.
  • The First Commission was established in 1951.
  • The finance commission is a constitutional body.
  • It was appointed by the President of India every 5 years.
  • The finance commission consists of a Chairman and four other members.
  • KC Neogy was the Chairman of the first finance commission.

• Vijay Kelkar was the Chairman of the 13th Finance Commission.
• Subir Gokarn is a former Deputy Governor of the Reserve Bank of India.
• As of October 2020, NK Singh is the Chairman of the Fifteenth Finance Commission of India.