The first finance commission was constituted vide presidential order date 22.11.1951 under the chairmanship of ____________.

Correct option is B

The correct answer is (B) KC Neogy

Information Booster:

• The Finance Commission of India is a constitutional body established under Article 280 of the Indian Constitution. Its primary role is to recommend the distribution of tax revenues between the central government and the states, as well as among the states themselves.
• The Finance Commission is constituted every five years by the President of India or at an earlier time as deemed necessary.
• It was first set up in 1951.
• The 15th Finance Commission is the current Finance Commission of India.
• The chairman of the 15th Finance Commission is Nand Kishore (N.K.) Singh.