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

    Question

    Composition of Finance Commission is________________-

    A Chairman and 4 other members to be appointed by the President Correct Answer Incorrect Answer
    B Chairman and 4 other members to be appointed by the Prime Minister Correct Answer Incorrect Answer
    C President himself along with Prime Minister, Chairman and 4 other members to be appointed by the President. Correct Answer Incorrect Answer
    D President, Chairman and 5 other members to be appointed by the President Correct Answer Incorrect Answer

    Solution

    Constitution Article 280. Finance Commission—(1) The President shall, within two years from the commencement of this Constitution and thereafter at the expiration of every fifth year or at such earlier time as the President considers necessary, by order constitute a Finance Commission which shall consist of a Chairman and four other members to be appointed by the President.

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