Who was the Chairman of the Twelfth Finance Commission?

The correct answer is (B) Dr. C. Rangarajan.

• The Twelfth Finance Commission was constituted by the President of India in November 2002 under the Chairmanship of Dr. C. Rangarajan. It covered the five-year period from 2005 to 2010.
• A.M. Khusro served as Chairman of the Eleventh Finance Commission (2000–2005).
• Dr. Vijay Kelkar was the Chairman of the Thirteenth Finance Commission (2010–2015), and Y.V. Reddy chaired the Fourteenth Finance Commission (2015–2020). Hence, Option (B) is correct.