Correct Option: B

Y.V. Reddy is the chairman of 14^th Finance Commission of India. The Finance Commission of India came into existance in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state Dr. Yaga Venugopal Reddy is an Indian Administrative Service (IAS) officer of the 1964 batch who served as Governor of the Reserve Bank of India (RBI).