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With reference to Finance Commission, consider the following statements:
1. It is a quasi judicial constitutional body which is constituted by the President of India.
2. The chairman of the commission should be a person having special knowledge of economics.
3. The members are not eligible for reappointment.
Which of the statements given above are not correct?
1. It is a quasi judicial constitutional body which is constituted by the President of India.
2. The chairman of the commission should be a person having special knowledge of economics.
3. The members are not eligible for reappointment.
Which of the statements given above are not correct?
- a)1 and 2 only
- b)2 and 3 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
With reference to Finance Commission, consider the following statement...
1. Article 280 of the Constitution of India provides for a Finance Commission as a quasi judicial body. It is constituted by the president of India every fifth year or at such earlier time as he considers necessary. Hence statement 1 is correct.
2. The Finance Commission consists of a chairman and four other members to be appointed by the president. They hold office for such period as specifiedby the president in his order. They are eligible for reappointment. Hence statement 3 is not correct. The Constitution authorises the Parliament to determine the qualifications of members of the commission and the manner in which they should be selected. Accordingly, the Parliament has specified the qualifications of the chairman and members of the commission:The chairman should be a person having experience in public affairs. Hence statement 2 is not correct. The four other members should be selected from amongst the following:
2. The Finance Commission consists of a chairman and four other members to be appointed by the president. They hold office for such period as specifiedby the president in his order. They are eligible for reappointment. Hence statement 3 is not correct. The Constitution authorises the Parliament to determine the qualifications of members of the commission and the manner in which they should be selected. Accordingly, the Parliament has specified the qualifications of the chairman and members of the commission:The chairman should be a person having experience in public affairs. Hence statement 2 is not correct. The four other members should be selected from amongst the following:
- A judge of high court or one qualified to be appointed as one.
- A person who has specialised knowledge of finance and accounts of the government.
- A person who has wide experience in financial matters and in administration.
- A person who has special knowledge of economics.
Most Upvoted Answer
With reference to Finance Commission, consider the following statement...
Statement 1: It is a quasi judicial constitutional body which is constituted by the President of India.
This statement is correct. The Finance Commission is a quasi-judicial constitutional body that is established by the President of India under Article 280 of the Constitution. It is responsible for recommending the distribution of tax revenues between the central government and the state governments.
Statement 2: The chairman of the commission should be a person having special knowledge of economics.
This statement is incorrect. According to Article 280 of the Constitution, the Finance Commission consists of a chairman and four other members. There is no specific requirement that the chairman should have special knowledge of economics. The chairman and members are appointed by the President of India, and they are usually individuals with expertise in finance, economics, public administration, or related fields.
Statement 3: The members are not eligible for reappointment.
This statement is incorrect. The members of the Finance Commission are eligible for reappointment. There is no provision in the Constitution that prohibits their reappointment. In fact, in practice, some members of the Finance Commission have been reappointed for multiple terms, depending on their performance and the requirements of the government.
Therefore, the correct answer is option B - 2 and 3 only.
This statement is correct. The Finance Commission is a quasi-judicial constitutional body that is established by the President of India under Article 280 of the Constitution. It is responsible for recommending the distribution of tax revenues between the central government and the state governments.
Statement 2: The chairman of the commission should be a person having special knowledge of economics.
This statement is incorrect. According to Article 280 of the Constitution, the Finance Commission consists of a chairman and four other members. There is no specific requirement that the chairman should have special knowledge of economics. The chairman and members are appointed by the President of India, and they are usually individuals with expertise in finance, economics, public administration, or related fields.
Statement 3: The members are not eligible for reappointment.
This statement is incorrect. The members of the Finance Commission are eligible for reappointment. There is no provision in the Constitution that prohibits their reappointment. In fact, in practice, some members of the Finance Commission have been reappointed for multiple terms, depending on their performance and the requirements of the government.
Therefore, the correct answer is option B - 2 and 3 only.
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With reference to Finance Commission, consider the following statements:1. It is a quasi judicial constitutional body which is constituted by the President of India.2. The chairman of the commission should be a person having special knowledge of economics.3. The members are not eligible for reappointment.Which of the statements given above are not correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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