Consider the following Statements 1 Finance Commission is quasi judicial body 2 ...........

Indian Polity Constitutional Bodies

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Consider the following Statements

1. Finance Commission is quasi-judicial body

2. Finance Commission is a permanent body

3. Constitution has specified the qualifications for the Chairman and members of Commission

4. Recommendations of the commission are generally accepted by the Union Government as well as by the parliament.

Which of the above is/are true?

1, 2, 4

1 and 4

1, 2, 3

All of the above

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Explanation:

2nd statement is incorrect because the tenure of Finance commission is 5 years.
3rd statement is incorrect the constitution authorizes the Parliament to determine the qualifications of members of the commission and the manner in which they should be elected.