2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which month of 2023 is the Union government set to constitute the Sixteenth Finance Commission?
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February
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July
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August
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November
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Explanation:
Detailed explanation-1: -Sixteenth Finance Commission will be constituted in November-The Hindu.
Detailed explanation-2: -The most recent Finance Commission was constituted in 2017 and is chaired by N. K. Singh, a former member of the Planning Commission.
Detailed explanation-3: -The Finance Commission was established in 1951 by Dr B.R. Ambedkar, the then-incumbent law minister.
Detailed explanation-4: -The 15th Finance Commission (XV-FC or 15-FC) is a constitutional body established in November 2017 under the chairmanship of NK Singh. The 15th Finance Commission recommendations will cover a period of five years from the year 2021-22 to 2025-26.
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