Consider the following statements related to Finance commission 1 It is neither statutory nor consti...........

Indian Polity Constitutional Bodies

Download Solution PDF

Consider the following statements related to Finance commission:

1. It is neither statutory nor constitutional body.

2. Finance Commission also has an advisory role which is not binding on the government.

3. Vijay Kelkar is the chairman of 14th Finance commission.

Which of the statements given above is/are incorrect?

1 and 2 only

2 and 3 only

1 and 3 only

2 only

छोटे Courses बड़े Results

Master Constitutional Bodies

Prepare through Micro-courses

Try Now

Explanation:

Finance Commission of India is established by President of India as per Article 280 of the constitution. The first finance commission was established in 1951. The Constitutional requirement for setting up a Finance Commission in India was an original idea, not borrowed from anywhere. That is why it is called the original contribution.Finance Commission also has a advisory role which is not binding on the government.It is expected to be quasi-judicial in nature.
Y. Venugopal Reddy is the chairman of 14th Finance commission.