Multiple choice The operational period of 12th Finance Commission recommendations was 2003 - 08 2004 - 09 2005 - 2010 2006 - 2011 Reveal answer Fill a bubble to check yourself C Correct answer Explanation The 12th Finance Commission, chaired by Dr. C. Rangarajan, submitted its report in 2004. Its recommendations were operational for the five-year period from 2005 to 2010. Finance Commission recommendations typically cover five-year periods.