Q. Consider the following statements with respect to “Expenditure Management Commission (EMC)”:
1. It was created through executive resolution.
2. Raghuram rajan was the first chairman of EMC.
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: B

By early September 2014, the GoI constituted an Expenditure Management Commission (EMC) through a Resolution.  

  • The EMC will look into various aspects of expenditure reforms to be undertaken by the government and other issues concerning Public Expenditure Management.  
  • The Commission has one full time, one part time and one ex-officio members other than Chairman of (Cabinet rank). Dr. Bimal Jalan is its first Chairman. 

Source: Ramesh Singh