Consider the following statements 1 As per the Constitution of India the First Financ...........

Indian Polity Constitutional Bodies

Consider the following statements:

1. As per the Constitution of India, the First Finance Commission had to be created before end of 2 years from the commencement of Indian Constitution

2. Finance Commissions are established by the President at every 5 years interval

3. If the President wants, the interval of setting up of a Finance Commission can be reduced

Which among the above statements is/ are correct?

Only 1

1 & 2

1, 2 & 3

2 & 3

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Explanation:

all are correct and As per the Constitution of India, the First Finance Commission had to be created before end of 2 years from the commencement of Indian Constitution i.e in 1951. Finance Commissions are established by the President at every 5 years interval.If the President wants, the interval of setting up of a Finance Commission can be reduced