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SSC MTS 2024 PYQ — Question 65

SSC MTS - 04/11/2024 - (9:00 AM - 11:00 AM) • English • Q65

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Who among the following is appointed as the chairman of the 16th Finance Commission?

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Correct answer: D

Explanation

The correct answer is  option 4  i.e. Arvind Panagariya .

Arvind Panagariya was appointed as the chairman of the 16th Finance Commission of India in December 2023. He is a renowned economist and former Vice-Chairman of NITI Aayog. The Finance Commission is a constitutional body that recommends how the central government should distribute financial resources between the Centre and the states. Panagariya's experience in economic policy and public finance makes him well-suited to lead the commission during a time of evolving fiscal challenges and federal dynamics. The commission’s recommendations will influence the fiscal framework for the period starting April 1, 2026.

Other options :

  • N.K. Singh: He was the chairman of the 15th Finance Commission (2017–2021), known for his role in fiscal reforms.

  • Y.V. Reddy: Former RBI Governor and chairman of the 14th Finance Commission (2013–2015).

  • Dr. Vijay Kelkar: Headed the 13th Finance Commission and is known for the Kelkar Committee Report on public finance.