Statement 1 is incorrect: As per Article 280 of the Indian Constitution, the Finance Commission consists of a Chairman and four other members, not six. Statement 2 is incorrect: The Finance Commission submits its report to the President of India. The President then causes the report to be laid before each House of Parliament.
With reference to Union Finance Commission, which of the following statement/s is/are correct? (1) Finance Commission has a Chairman and six members. (2) It submits its report to the NITI Aayog. Select the correct answer using the code given below -
Asked in UPPCS Prelims 2023 · Topic: The Finance Commission (Relationship with NITI Aayog (erstwhile Planning Commission))
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