Answer: (Detailed Solution Below)
Option B: Shri. K. C. Neogy
Detailed Solution:
The correct answer is “Shri. K. C. Neogy”.
The First Finance Commission was constituted vide Presidential Order under the chairmanship of Shri K.C. Neogy on 6th April, 1952.
Fifteenth Finance Commissions have been Constituted so far at intervals of every five years.