41. The Chairman of the Finance Commission is appointed by:
a) The President of India
b) The Prime Minister of India
c) The Speaker of the Lok Sabha
d) The Chief Justice of India
42. The recommendations of the Finance Commission are binding on:
a) The President of India
b) The Prime Minister of India
c) The Parliament of India
d) The Supreme Court of India
43. Which Finance Commission recommended the formation of the Goods and Services Tax (GST) Council?
a) Twelfth Finance Commission
b) Thirteenth Finance Commission
c) Fourteenth Finance Commission
d) Fifteenth Finance Commission
44. The recommendations of the Finance Commission cover a period of:
a) 1 year
b) 2 years
c) 3 years
d) 5 years
45. Which Finance Commission recommended the sharing of Union taxes with the states in a horizontal formula?
a) Eleventh Finance Commission
b) Twelfth Finance Commission
c) Thirteenth Finance Commission
d) Fifteenth Finance Commission
