Question:
Which of the following statements with regard
to the constitution of Finance Commission is/
are correct?
1. The Government of India has recently
constituted the Sixteenth Finance Commission
under the Chairmanship of Dr. Arvind
Panagariya.
2. Finance Commission is constituted in
pursuance to Article 263 of the Constitution
of India.
Select the answer using the code given below:
Which of the following statements with regard
to the constitution of Finance Commission is/
are correct?
1. The Government of India has recently
constituted the Sixteenth Finance Commission
under the Chairmanship of Dr. Arvind
Panagariya.
2. Finance Commission is constituted in
pursuance to Article 263 of the Constitution
of India.
Select the answer using the code given below:
Options:
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Answer: A) 1 only
Explanation:
Statement 1 is correct. Statement 2 is incorrect because the Finance Commission is constituted under Article 280 (not 263).
Statement 1 is correct. Statement 2 is incorrect because the Finance Commission is constituted under Article 280 (not 263).