Consider the following statements regarding finance commission: 1. It consists of a chairman and four other members to be appointed by the president. 2. The chairman and members are not eligible for reappointment. Which of the statements given above is/are correct? |ForumIAS

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[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