New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    With reference to the State Finance Commission, consider

    the following statements:  1. It is constituted by the State government after every five years.  2. It reviews the distribution of revenues between the State and local governments as also that between rural and urban local governments.  3. The members of the commission are not eligible for reappointment under the State government.  Which of the statements given above is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1,2 and 3 Correct Answer Incorrect Answer

    Solution

    Every member of the Commission shall hold office for such period as may be specified in the order of the Governor appointing him, but shall be eligible for reappointment:Provided that he may, by letter addressed to the Governor, resign his office.

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