Consider the following statements regarding Finance Commission 1 Finance Commission i...........

Indian Polity Centre - State Relations

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Consider the following statements regarding Finance Commission:

1. Finance Commission is a constitutional body.

2. Finance Commission is a quasi-judicial body.

3. It’s recommendations are only of advisory nature and hence not binding on the government.

Select the correct code:

1 and 2 only

1 and 3 only

1 only

All of the above

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Explanation:

The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.

Finance commission has power of civil court as it can summon to any one. Commission works as a arbitrator, means to distribute taxes among union and state. Therefore it is called a quasi judicial body.

Its recommendations are also non-obligatory in nature.