Q. Who among the following is/are qualified for appointment as a member of the Finance Commission?
1. A judge of the High Court
2. A person with specialised knowledge of finance
3. A criminal lawyer with 10 years of experience in the High Court
4. A person with specialised knowledge of Economics
Select the correct answer using the code given below.
Exp) Option c is the correct answer.
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.
Statement 1 is correct. The Constitution authorizes the Parliament to determine the qualifications of members of the commission and the manner in which they should be selected. Accordingly, the Parliament has specified the qualifications of the chairman and members of the commission. Members should be a judge of high court or one qualified to be appointed as one.
Statement 2 is correct. A person who has specialized knowledge of finance and accounts of the government.
Statement 3 is incorrect. A person who has wide experience in financial matters and in administration. A criminal lawyer with 10 years of experience in the High Court is not the given qualification.
Statement 4 is correct. A person who has special knowledge of economics.
