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Difficulty: MediumAwards, Honors, Appointments, and Persons & Places in News

In January 2024, the Government of India officially constituted the 16th Finance Commission under Article 280 of the Constitution. Who among the following was appointed as the Chairman of the 16th Finance Commission?

  1. Dr. Arvind PanagariyaAnswer
  2. B
    N. K. Singh
  3. C
    Dr. Y. V. Reddy
  4. D
    Dr. Vijay Kelkar

Answer

Dr. Arvind Panagariya
Dr. Arvind Panagariya was officially notified as the Chairman of the 16th Finance Commission by the Ministry of Finance, Government of India. He previously served as the first Vice-Chairman of NITI Aayog from 2015 to 2017.

Step-by-Step Solution

1
Identify the constitutional body and appointment described in the stem.
The question specifies the 16th Finance Commission of India, constituted under Article 280 of the Indian Constitution.
The Finance Commission is tasked with making recommendations regarding tax devolution between the Union and the States.
2
Match the commission term with the designated Chairperson.
Dr. Arvind Panagariya, former Vice-Chairman of NITI Aayog, was appointed by the President of India to head the 16th Finance Commission.
Differentiating between the leadership of sequential commissions avoids confusing previous chairs with current officeholders.

Key Concept

Appointments to Constitutional Bodies in India
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Topics

Awards, Honors, Appointments, and Persons & Places in News

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