Term : 5 years 5 members : Chairman and four other members. Came into being in 1951 Appointed by the president Article 280 Functions as quasi-judicial body Submits report to President Members are eligible for reappointment It was formed to define the financial relations between the central government of India and the state government. Questions 1.ധനകാര്യ കമ്മീഷനെ നിയമിക്കുന്നതാര് - രാഷ്ട്രപതി ( WOMEN POLICE CONSTABLE NCA 2018 ) 2. Which of the followings are correct regarding the Finance Commission of India ? ( HSST Junior-Botany 2018 ) i) It is a quasi-judicial body. ii) It submits its report to the Parliament. iii) The members of the Finance Commission are eligible for reappointment. iv) According to Article 148 of the Constitution, comptroller and Auditor General of India is an ex-officio member of the Finance Commission Answer : i) and iii) are correct Previous Next
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