Multiple Choice Questions on Consider the following Statements 1 Finance Commission is quasi judicial body 2 ........... for Bihar civil service (BPSC) Preparation

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Indian Economy - Understanding the basics of Indian economic system

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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   

    Incorrect Answer

    1 and 4

    Correct Answer

    1, 2, 3

    Incorrect Answer

    All of the above

    Incorrect Answer
    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.


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