Correct Option
Article 281 of the Constitution of India mandates the President to cause every recommendation made by the Finance Commission to be laid before each House of Parliament. This article further requires the President to include an explanatory memorandum detailing the action taken on these recommendations.
Incorrect Options
The Speaker of Lok Sabha presides over the House but is not constitutionally responsible for laying the Finance Commission's recommendations before Parliament.
The Prime Minister of India leads the Union Cabinet; however, the duty to present the Finance Commission's report to Parliament is not assigned to this office under Article 281.
The Union Finance Minister is responsible for fiscal policy and presenting the Union Budget, but Article 281 does not assign the task of laying the Finance Commission's recommendations before Parliament to the Finance Minister.