Which of the following statements is/are correct? 1. The 14th Finance Commission was constituted under the Chairmanship of Shri Vijay Kelkar. 2. The 14th Finance Commission has been specifically asked also to recommend how non- priority PSUs be relinquish

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Submitted by examrobotsa on

Q: 63 (NDA-I/2013)

Which of the following statements is/are correct?
1. The 14th Finance Commission was constituted under the Chairmanship of Shri Vijay Kelkar.
2. The 14th Finance Commission has been specifically asked also to recommend how non- priority PSUs be relinquished.
Select the correct answer using the code given below.

question_subject: 

Polity

question_exam: 

NDA-I

stats: 

0,11,21,3,11,14,4

keywords: 

{'14th finance commission': [0, 0, 0, 2], 'priority psus': [0, 0, 0, 1], 'chairmanship': [0, 0, 0, 1], 'shri vijay kelkar': [0, 0, 0, 1]}

The correct answer is option 2, which states that statement 2 is correct.

Statement 1 is incorrect because the 14th Finance Commission was not constituted under the Chairmanship of Shri Vijay Kelkar. The 14th Finance Commission, which was constituted for the period from 2015 to 2020, was actually chaired by Shri Y. V. Reddy.

Statement 2 is correct. The 14th Finance Commission was indeed asked to recommend how non-priority Public Sector Undertakings (PSUs) could be relinquished. This was in line with the government`s objective of reducing the burden on the budget by disinvesting from non-priority PSUs.

To summarize, statement 1 is incorrect, and statement 2 is correct. Therefore, the correct answer is option 2.