Question : Who was the first chairman of the Finance Commission of India?
Option 1: Ashok Kumar Chanda
Option 2: K. C. Neogy
Option 3: K. Santhanam
Option 4: P. V. Rajamannar
Correct Answer: K. C. Neogy
Solution : The correct option is K. C. Neogy.
The first chairman of the Finance Commission of India was K. C. Neogy. He served as chairman from 1951 to 1952, marking the initial period of the Finance Commission's establishment.
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Question : Who among the following Presidents of India was also the deputy chairman of the Planning Commission?
Option 1: V.V. Giri
Option 2: K. R. Narayanan
Option 3: Ramaswamy Venkataraman
Option 4: Pranab Mukherjee
Question : Who had estimated National Income in India first?
Option 1: V. K. R. V. Rao
Option 2: Dadabhai Naoroji
Option 3: R. C. Dutt
Option 4: D. R. Gadgil
Question : The first Finance Commission of India was set up in the year:
Option 1: 1956
Option 2: 1965
Option 3: 1951
Option 4: 1948
Question : Which one of the following formulates the fiscal policy in India?
Option 1: Planning Commission
Option 2: Finance Commission
Option 3: Reserve Bank of India
Option 4: Ministry of Finance
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