Q. With reference to the Finance Commission of India, consider the following statements:
1.It is a constitutional body constituted under Article 280 of the Constitution of India.
2.One of the terms of reference of the 16th Finance Commission is to recommend measures to augment the Consolidated Fund of the States to support local bodies.
3.A person convicted of moral turpitude is disqualified from being appointed as a member of the Finance Commission.
Which of the statements given above is/are correct?
Answer: D
Notes:
Explanation:
Statement 1 is correct: The Finance Commission is constituted under Article 280 of the Indian Constitution.
Statement 2 is correct: The 16th Finance Commission is tasked with recommending ways to augment State Consolidated Funds to support Panchayats and Municipalities.
Statement 3 is correct: As per the Finance Commission Act, 1951, a person convicted of moral turpitude is disqualified from membership.
Source– BS
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