Consider the following statements with respect to Finance Commission FC 1 The qualification for appo...........

Indian Polity Constitutional Bodies

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Consider the following statements with respect to Finance Commission (FC):

1.The qualification for appointment as members of the commission is determined by the President.

2.The 15th FC shall consider effect of climate change, while making recommendations.

3.The 2011 census data will be used for the first time for devolution of funds by the 15th FC.

How many of the statement given above is/are correct?

Only One

Only Two

All Three

None

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Explanation:

2 only

The qualification for appointment as members of the commission is determined by the President." - This statement is incorrect. The qualification for appointment as members of the Finance Commission is not determined by the President. Members are appointed based on their knowledge or experience in finance, economics, public affairs, or administration.

"The 15th FC shall consider the effect of climate change while making recommendations." - This statement is correct. The 15th Finance Commission has been mandated to consider the impact of climate change in its recommendations.

"The 2011 census data will be used for the first time for devolution of funds by the 15th FC." - This statement is incorrect. The 15th Finance Commission has been tasked with using the population data of the 2011 census for its recommendations. This is not the first time; the 14th Finance Commission also used the 2011 census data.

Therefore, the correct answer is 2, "2 only."

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