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?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

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

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