- A) Finance Commission is a Quasi-judicial Body: This is correct. The Finance Commission has the powers of a civil court in respect of summoning witnesses, requiring the production of documents, etc., which gives it a quasi-judicial character. - B) Finance Commission consists of a Chairman and four other members: This is correct. Article 280(2) states that the Commission shall consist of a Chairman and four other members to be appointed by the President. - C) Finance Commission plays advisory role: This is correct. The recommendations made by the Finance Commission are advisory in nature and not binding on the government. The government usually accepts most recommendations but is not legally obliged to do so. - D) Article 290 provides for the Constitution of Finance Commission: This is incorrect. Article 280 of the Constitution of India provides for the Constitution of the Finance Commission. Article 290 deals with "Adjustment in respect of certain expenses and pensions".