Who among the following was the Chairman of the First Finance Commission of India?

1. A

   Shri. Santhanam

   Shri K. Santhanam chaired a later Finance Commission, not the first. He is also remembered for the Santhanam Committee on prevention of corruption. This option is not the key.

2. B

   Shri. K. C. Neogy

   Shri K. C. Neogy was the Chairman of the First Finance Commission of India. That Commission was constituted under Article 280 in 1951 and submitted its report for the early years of the Republic. Naming the first chair correctly is the whole point of this item, so (b) is the official key.

3. C

   Dr. Raj Mannar

   Dr Rajamannar (often styled in papers as Raj Mannar) chaired a later Finance Commission, not the first. This option is therefore wrong.

4. D

   Shri. A. K. Chanda

   Shri A. K. Chanda chaired a later Finance Commission, not the first. This option is not the key.

Summary. Official key is (b) Shri. K. C. Neogy. He headed the First Finance Commission constituted in 1951. Santhanam, Rajamannar and A. K. Chanda were associated with later Commissions. The question is only about the first chair, not about the Santhanam anti-corruption committee. Only (b) is correct.