(A) Prime Minister of India
(B) President of India
(C) Chairman of Rajya Sabha
(D) Speaker of Lok Sabha
Ans. (B) President of India
According to Article 280 of Indian Constitution the President of India appoints finance commission once for every five years. The present finance commission, the thirteenth one, was appointed by the President of India on 13th November, 2007 under the chairmanship of Dr. Vijay Kelkar. The main function of finance commission is the distribution of taxes share between states and central government.
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