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The Chairman of the Finance Commission of India is appointed by:
Question



The Chairman of the Finance Commission of India is appointed by:

A.

The President

B.

The Chief Justice of India

C.

The Speaker of the Lok Sabha

D.

The Prime Minister

Correct option is A


The correct answer is The President.
· The Chairman of the Finance Commission in India is appointed by the President of India, as per the constitution.
· The Finance Commission is established under Article 280 of the Constitution of India to define the financial relations between the central government and the states.
· The appointment of the Chairman is an important step in ensuring that the commission functions efficiently and impartially.
· The role of the Chairman is critical for the Finance Commission as they lead the efforts in evaluating and recommending the distribution of the net proceeds of taxes between the Centre and the states.
· The Chairman ensures that the Finance Commission fulfils its constitutional mandate to promote fiscal stability and federal financial relations.

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