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      Question

      Consider the following statements in relation to Finance

      Commission: 1. It is established under Article 280.  2. It is a quasi-judicial body. 3. It consists of a Chairman and 5 other members. Which of the following statements is/are correct?
      A 1 only Correct Answer Incorrect Answer
      B 1 & 2 Correct Answer Incorrect Answer
      C 2 & 3 Correct Answer Incorrect Answer
      D 1 & 3 Correct Answer Incorrect Answer
      E All the above Correct Answer Incorrect Answer

      Solution

      Article 280 of the Constitution of India provides for a Finance Commission as a quasi-judicial body. It is constituted by the president of India every fifth year or at such an earlier time as he considers necessary.

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