Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q39 (CAPF/2008) Polity & Governance › Constitutional & Statutory Bodies › Finance Commission of India Answer Verified

Consider the following statements : 1. The Prime Minister of India is the ex-officio Chairman of the Planning Commission. 2. The Union Finance Minister is the ex-officio Chairman of the Finance Commission. Which of the statements given above is/are correct ?

Result
Your answer: —  Â·  Correct: A
Explanation

Statement 1 is correct as the Prime Minister of India served as the ex-officio Chairman of the Planning Commission from its inception in 1950 until its replacement by NITI Aayog in 2015 [3]. This role ensured coordination between the commission and the central government. Statement 2 is incorrect because the Finance Commission is a constitutional body established under Article 280, and its Chairman is appointed by the President of India [1]. The Chairman is typically an individual with experience in public affairs rather than the Union Finance Minister serving ex-officio. While the Finance Minister may be an ex-officio member of NITI Aayog, they do not head the Finance Commission [3]. Historical chairmen of the Finance Commission include experts like Vijay Kelkar and N.K. Singh, confirming that the post is not held by the sitting Finance Minister [2].

Sources

  1. [3] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 46: Finance Commission > Table 46.1 Finance Commissions Appointed so far > p. 433
  2. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 56: NITI Aayog > ERSTWHILE PLANNING COMMISSION > p. 471
  3. [2] https://fincomindia.nic.in/about-us
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
50%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

IAS · 2015 · Q44 Relevance score: 6.97

Consider the following statements : 1. The Executive Power of the Union of India is vested in the Prime Minister. 2. The Prime Minister is the ex officio Chairman of the Civil Services Board. Which of the statements given above is/are correct?

IAS · 2024 · Q85 Relevance score: 6.07

With reference to Union Budget, consider the following statements : 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct ?

IAS · 2013 · Q93 Relevance score: 5.18

Consider the following statements: 1. The Council of Ministers in the Centre shall be collectively responsible to the Parliament. 2. The Union Ministers shall hold the office during the pleasure of the President of India. 3. The Prime Minister shall communicate to the President about the proposals for legislation. Which of the statements given above is/are correct?