Question
Consider the following statements with respect to the Finance Commission - I. The Finance Commission (F
- C is a constitutional body that determines the method and formula for distributing the tax proceeds between the Centre and states, and among the states as per the constitutional arrangement and present requirements. II. Under Article 281 of the Constitution, the President of India is required to constitute a Finance Commission. III. The 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh. Its recommendations will cover a period of five years from the year 2021-22 to 2026 27. Which of the following statements is/are NOT TRUE ?
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RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)