Who was the first Chairperson of the State Finance Commission in Rajasthan?

Correct option is A

The correct answer is (a) K. K. Goyal.
· K. K. Goyal was the first Chairperson of the State Finance Commission in Rajasthan. The State Finance Commission is responsible for reviewing the financial position of the Panchayats and Municipalities and making recommendations to the Governor.
Important Key Points:
· First Chairperson: K. K. Goyal.
· Role: State Finance Commission.
· Reviews financial position of Panchayats and Municipalities.
· Makes recommendations to the Governor.
· Enhances local financial governance.
Knowledge Booster:
Article 243-I of the Constitution of India
· Article 243-I stipulates that the Governor of a state shall, within one year from the commencement of the Constitution (Seventy-third Amendment) Act, 1992, and thereafter at the expiration of every fifth year, constitute a Finance Commission. This commission is tasked with reviewing the financial position of the Panchayats and making recommendations to the Governor.

· This structured approach ensures a periodic and systematic review of the financial status of Panchayats, enabling them to function effectively and efficiently in their governance roles.