The Finance Commission is a constitutional body (Article 280) that makes recommendations on the distribution of tax revenues between the Union and the States, and among the States.
What is/are true in reference to the Finance Commission? (i) There are total 5 members in Commission (ii) At least one member of Commission must be Judge of High Court or Supreme Court (iii) The Chairman of Commission cannot be reappointed (iv) First Chairman of Commission was K. Santhanam
Asked in CGPSC Prelims Exam 2021 · Topic: The Finance Commission (Composition, qualifications, and appointment of members)
More Indian Polity and Governance questions
- Which of the following statements is/are correct regarding Finance Commission of India? 1. The Finance Commission of India consists of a chairman and 5 other members. 2. The constitution authorizes the Parliament to determine the qualification of members of the commission. 3. The President can refer any matter to the finance commission in the interest of sound finance system.
- Given below are two statements one is labelled as Assertion (A) and other as Reason (R): Assertion (A): The President of India determines the qualifications of the Chairman and Members of the Finance Commission. Reason (R): Chairman and members are appointed by the President of India. Select the correct answer using the codes given below.
- Which of the following are the essential requirements for a person to be appointed as a member of Finance Commission? 1. A Supreme Court judge or one qualified to be appointed as such 2. A person having wide experience in financial matters and administration 3. A person having special knowledge of economics Select the correct answer using the code given below :
- Who among the following was the Chairperson of the Fifteenth Finance Commission ?
- The finance commission is constituted with one chairperson and ______ number of other members
- Which of the following statements is *incorrect* regarding Finance Commission ?
- Finance Commission is appointed by
- The Finance Commission is constituted by the President of India every