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Q111 (UPPCS/2023) Polity & Governance › Constitutional & Statutory Bodies

With reference to Union Finance Commission, which of the following statement/s is/are correct?
(1) Finance Commission has a Chairman and six members.
(2) It submits its report to the NITI Aayog.
Select the correct answer using the code given below -
Code -

Result
Your answer: —  Â·  Correct: B

Explanation

Both statements are incorrect according to the Constitutional provisions regarding the Finance Commission:

  • Statement 1 is incorrect: As per Article 280(1) of the Constitution of India, the Finance Commission consists of a Chairman and four other members to be appointed by the President. The Finance Commission (Miscellaneous Provisions) Act, 1951, further specifies the qualifications and manner of selection for these five individuals.
  • Statement 2 is incorrect: According to Article 281, the Finance Commission submits its report to the President of India. The President is then responsible for laying the report, along with an explanatory memorandum on the action taken, before each House of Parliament. NITI Aayog is a policy think tank and has no constitutional role in receiving or processing the Finance Commission's report.
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