Previous Year Question
Match List-I with List-II and choose the correct answer using the code given below the lists.
List-I (Finance Commission)
A. Eleventh
B. Twelfth
C. Thirteenth
D. Fourteenth
List-II (Chairman)
Dr. C. Rangarajan
Dr. Y. V. Reddy
Prof. A. M. Khusro
Dr. Vijay L. Kelkar
Code:
A-3, B-1, C-4, D-2
A-2, B-3, C-4, D-1
A-3, B-2, C-1, D-4
A-1, B-3, C-2, D-4
Correct Answer: A
Detailed Solution
The correct matching of the Finance Commissions with their Chairmen is—
Finance Commission | Chairman | Recommendation Period |
Eleventh | Prof. A. M. Khusro | 2000-05 |
Twelfth | Dr. C. Rangarajan | 2005-10 |
Thirteenth | Dr. Vijay L. Kelkar | 2010-15 |
Fourteenth | Dr. Y. V. Reddy | 2015-20 |
The Eleventh Finance Commission was chaired by Prof. A. M. Khusro. It recommended a 29.5% share for the States in the divisible pool of central taxes.
The Twelfth Finance Commission was chaired by Dr. C. Rangarajan. It recommended increasing the States' share to 30.5% and emphasised measures relating to fiscal consolidation and debt relief.
The Thirteenth Finance Commission was chaired by Dr. Vijay L. Kelkar. It recommended a 32% share for the States in central taxes and also examined issues relating to the transition towards GST.
The Fourteenth Finance Commission was chaired by Dr. Y. V. Reddy. One of its major recommendations was to increase the States' share in the divisible pool from 32% to 42%.