With reference to the Finance Commission, consider the following statements:1.It is constituted by the President under Article 280 of the Constitution.2.The Finance Commission's recommendations are crucial in determining the fiscal autonomy and stability of both the central and state governments.Select the correct statements using the codes given below:

Q. With reference to the Finance Commission, consider the following statements:
1.It is constituted by the President under Article 280 of the Constitution.
2.The Finance Commission’s recommendations are crucial in determining the fiscal autonomy and stability of both the central and state governments.
.Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation –

Statements 1 and 2 are correct. Finance Commission is constituted by the President under Article 280 of the Constitution. Its recommendations are crucial in determining the fiscal autonomy and stability of both the central and state governments.

Source: ForumIAS

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