Q. Consider the following statements:
1.The Finance Commission consists of a chairman and four other members to be appointed by the president.
2.They are not eligible for reappointment.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: The Finance Commission consists of a chairman and four other members to be appointed by the president.
- They hold office for such period as specified by the president in his order.
- They are eligible for reappointment.
Source: Laxmikanth’s Polity

