Q. The chairman of the first Finance Commission was?
Solution:
- The First Finance Commission of India was appointed in 1951, for the period 1952-57 by the President of India and was chaired by K. C. Neogy.
- As per the Constitution, the Commission is appointed every five years and consists of a chairman and four other members.
- The Second Finance Commission of India was constituted by president Rajendra Prasad on 1 June 1956.K. Santhanam was the chaiman of it.
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