The Chairman and the members of the Union Finance Commission are appointed by the :

Correct option is A

The correct answer is (a) President of India
Explanation
According to Article 280 of the Indian Constitution, the President of India appoints the Chairman and members of the Union Finance Commission. The Commission is constituted every five years or earlier as needed.
Additional information (other options)
· Speaker of the Lok Sabha: Has no role in Finance Commission appointments.
· Union Finance Minister: Provides inputs but cannot appoint members.
· Prime Minister of India: May recommend, but formal appointment is done only by the President.
Information Booster
· The Finance Commission recommends the distribution of financial resources between the Union and States.
· The 15th Finance Commission (2020–25) was chaired by N. K. Singh.
· The Commission also advises on grants-in-aid, tax devolution, and fiscal consolidation.