Who was the president of First Finance Commission of India? • The Firs
A. A K Chanda
B. K. C. Neogy
C. K. Santhanam
D. P. V. Rajamannar
Right Answer is: B
• The First Finance Commission was established by the President of India in 1951 under Article 280 of the Indian Constitution.
• It was established under the chairmanship of ShriK.C. Neogy.
• Finance Commission’s primary job is to recommend measures and methods on how revenues need to be distributed between the Centre and states.