Module: General Practice
Q42: The Budget 2026-27 is the first Union Budget to incorporate the recommendations of the 16th Finance Commission. Who is the Chairman of this Commission, whose award period covers the years 2026 to 2031?
✅ Correct Answer: B
The Chairman is Dr.
Arvind Panagariya.
The Union Budget 2026-27 implements the vertical devolution formula recommended by the 16th Finance Commission for the period 2026-31.
Dr.
Panagariya is a former NITI Aayog Vice Chairman.
Arvind Panagariya.
The Union Budget 2026-27 implements the vertical devolution formula recommended by the 16th Finance Commission for the period 2026-31.
Dr.
Panagariya is a former NITI Aayog Vice Chairman.