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The Qualifications for the members of Finance Commission
  • a)
    are laid down in the Constitution of India
  • b)
    can be prescribed by the Parliament of India
  • c)
    can be prescribed by the President of India
  • d)
    can be prescribed by Union Finance Minister
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The Qualifications for the members of Finance Commissiona)are laid dow...
It's a constitutional body ...and the chair person will be nominated by President..and the members qualifications will be decided by the parliament.
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Community Answer
The Qualifications for the members of Finance Commissiona)are laid dow...
The Finance Commission was established by the President of India in 1951 under Article 280 of the Indian Constitution. It was formed to define the financial relations between the central government of India and the individual state governments.
The Finance Commission (Miscellaneous Provisions) Act of 1951 additionally defines the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the Constitution, the Commission is appointed every five years and consists of a chairman and four other members.
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The Qualifications for the members of Finance Commissiona)are laid down in the Constitution of Indiab)can be prescribed by the Parliament of Indiac)can be prescribed by the President of Indiad)can be prescribed by Union Finance MinisterCorrect answer is option 'B'. Can you explain this answer?
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