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Which one of the following statement is correct?
Neither the Finance Commission nor the Planning Commission is a constitutional body
The scope of the Finance Commission is limited to a review of revenue segment of the budget while the Planning Commission takes an overall review embracing both capital and revenue requirements of the states
No one can be member of both the Finance Commission and the Planning Commission at the same time
There is not overlapping of work and responsibility of the Finance Commission and Planning Commission
1st statement is incorrect because Finance Commission is constitutional body while Planning Commission is non-constitutional body. 3rd statement is incorrect because a member can be of both the Finance Commission and the Planning Commission at the same time 4th statement is incorrect because there was overlapping of work and responsibility of the Finance Commission and Planning Commission.
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