On November 9, 2020, the 15th Finance Commission submitted its report for the period 2021-22 to 2025-26 to President Ram Nath Kovind. Aspirants of UPSC IAS, SSC, IES, and other competitive exams can take this quiz on 15th Finance Commission Report to test their knowledge. The Fifteenth Finance Commission (XV-FC) led by Chairman N. K. Singh submitted its report for the period 2021-22 to 2025-26 to President Ram Nath Kovind. The report of the Fifteenth Finance Commission, along with an Action Taken Report, was tabled in Parliament on January 30, 2020. Take this quiz to test your knowledge of the key recommendations of the 15th Finance Commission Report. Ques 1: With respect to the 15th Finance Commission, consider the following statements: The term of the 15th Finance Commission was extended for two years recently. Its recommendations will be applicable for six years and not the conventional five-year period. Which of the statement(s) given above is/are correct? A: 1 only B: 2 only C: Bo