Which of the following statements are correct about the Finance commission?
1. Part XII of the Indian constitution contains provisions for the creation of the Finance Commission.
2. The Chairman of the Finance Commission should be a person having specific experience in finance and accounts of the government.

Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Question

Which of the following statements are correct about the Finance commission?
1. Part XII of the Indian constitution contains provisions for the creation of the Finance Commission.
2. The Chairman of the Finance Commission should be a person having specific experience in finance and accounts of the government.

Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

ONLiNE UPSC · Accepted Answer

Statement 1 is correct : Part XII of the constitution under article 280 contains provisions for the creation of FCI.
Statement 2 is not correct : As per &ldquo;The Finance Commission (Miscellaneous Provisions) Act, 1951,&rdquo; the chairman of the commission shall be selected from among the persons who have had experience in &ldquo;Public affairs.&rdquo;

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M Question 1	⏱ 0
Which of the following statements are correct about the Finance commission? 1. Part XII of the Indian constitution contains provisions for the creation of the Finance Commission. 2. The Chairman of the Finance Commission should be a person having specific experience in finance and accounts of the government. Select the correct answer using the code given below: (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2