Correct option is A
The correct answer is (a) President of India.
Finance Commission of India:
· Constitutional Body: Established under Article 280 of the Indian Constitution.
· Purpose: To define the financial relations between the central government and the state governments.
· Appointment: Appointed by the President of India every five years or at such earlier time as the President considers necessary.
· Members: The commission consists of a Chairman and four other members appointed by the President.
· Reports: The Finance Commission submits its report to the President of India, who then lays it before both Houses of Parliament.
· Recent Commissions: The 15th Finance Commission, chaired by N.K. Singh, was constituted in November 2017 and submitted its report for the period 2021-26.