Q. Consider the following statements regarding “finance commission”:
1.It is not a quasi-judicial body.
2.It is constituted by the president of India every fifth year or at such earlier time as he considers necessary.
Which of the statements given above is/are not correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Explanation: Article 280 of the Constitution of India provides for a Finance Commission as a quasi-judicial body.

It is constituted by the president of India every fifth year or at such earlier time as he considers necessary.

Source: Laxmikanth

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