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In the context of the Finance Commission, which of the following provisions are covered under The Finance Commission (Miscellaneous Provisions) Act, 1951?
Qualifications and Disqualifications of the members of the commission
  • Conditions of service and salaries and allowances of members
  • Eligibility for reappointment of the members
  • Procedure and powers of the Commission
    Select the correct answer using the code given below.
    • a)
      1 only
    • b)
      1 and 2 only
    • c)
      2, 3 and 4 only
    • d)
      1, 2, 3 and 4
    Correct answer is option 'D'. Can you explain this answer?
    Most Upvoted Answer
    In the context of the Finance Commission, which of the following prov...
    • The Finance Commission is a constitutional body that determines the method and formula for distributing the tax proceeds between the Centre and states, and among the states as per the constitutional arrangement and present requirements.
    • Under Article 280 of the Constitution, the President of India is required to constitute a Finance Commission at an interval of five years or earlier.
    • The Finance Commission has a chairman and four members appointed by the President. The government of India provides necessary support and manpower including a secretary to the commission to facilitate its work.
    • THE FINANCE COMMISSION (MISCELLANEOUS PROVISIONS) ACT, 1951 includes
    • Qualifications for appointment as, and the manner of selection of, members of the commission.
    • Personal interest to disqualify members.
    • Disqualifications for being a member of the Commission.
    • Term of office of members and eligibility for reappointment.
    • Conditions of service and salaries and allowances of members. Hence statement 2 is correct.
    • Procedure and powers of the Commission.
    • 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 of the Commission shall be selected from among persons who have had experience in public affairs, and the four other members shall be selected from among persons who(a) are, or have been, or are qualified to be appointed as Judges of a High Court, or (b) have special knowledge of the finances and accounts of Government, or (c) has had wide experience in financial matters and in administration; or (d) have special knowledge of economics.
    • Disqualifications for being a member of the Commission.
    • A person shall be disqualified for being appointed as, or for being, a member of the Commission,(a) if he is of unsound mind;(b) if he is an undischarged insolvent;(c) if he has been convicted of an offence involving moral turpitude;(d) if he has such financial or other interest as is likely to affect prejudicially his functions as a member of the Commission. Hence statement 1 is correct.
    • Term of office of members and eligibility for reappointment. Hence statement 3 is correct.
    • Every member of the Commission shall hold office for such period as may be specified in the order of the President appointing him, but shall be eligible for reappointment: Provided that he may, by letter addressed to the President, resign his office.
    • The Commission shall determine their procedure and in the performance of their functions shall have all the powers of a civil court under the Code of Civil Procedure, 1908 (5 of 1908), while trying a suit in respect of the following matters, namely:(a) summoning and enforcing the attendance of witnesses;(b) requiring the production of any document;(c) requisitioning any public record from any court or office, Hence statement 4 is correct.
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    In the context of the Finance Commission, which of the following provisions are covered under The Finance Commission (Miscellaneous Provisions) Act, 1951? Qualifications and Disqualifications of the members of the commission Conditions of service and salaries and allowances of members Eligibility for reappointment of the members Procedure and powers of the Commission Select the correct answer using the code given below.a)1 onlyb)1 and 2 onlyc)2, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?
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    In the context of the Finance Commission, which of the following provisions are covered under The Finance Commission (Miscellaneous Provisions) Act, 1951? Qualifications and Disqualifications of the members of the commission Conditions of service and salaries and allowances of members Eligibility for reappointment of the members Procedure and powers of the Commission Select the correct answer using the code given below.a)1 onlyb)1 and 2 onlyc)2, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In the context of the Finance Commission, which of the following provisions are covered under The Finance Commission (Miscellaneous Provisions) Act, 1951? Qualifications and Disqualifications of the members of the commission Conditions of service and salaries and allowances of members Eligibility for reappointment of the members Procedure and powers of the Commission Select the correct answer using the code given below.a)1 onlyb)1 and 2 onlyc)2, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of the Finance Commission, which of the following provisions are covered under The Finance Commission (Miscellaneous Provisions) Act, 1951? Qualifications and Disqualifications of the members of the commission Conditions of service and salaries and allowances of members Eligibility for reappointment of the members Procedure and powers of the Commission Select the correct answer using the code given below.a)1 onlyb)1 and 2 onlyc)2, 3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?.
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