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Q: The Finance Commission is constituted by the President at the expiration of every ––––– year.
  • A. tenth
  • B. sixth
  • C. fifth
  • D. seventh
Correct Answer: Option C - The Article 280 of the Indian Constitution deals with the Finance Commission as a quasi-judicial body. It is constituted by the President on every fifth year or before if required. The finance commission consists of one chairman and 4 other members appointed by the President. Their tenure is decided by President and are eligible for re-appointment. Recently, 15th commission of India has submitted its report which is headed by Nand Kishor (NK) Singh.
C. The Article 280 of the Indian Constitution deals with the Finance Commission as a quasi-judicial body. It is constituted by the President on every fifth year or before if required. The finance commission consists of one chairman and 4 other members appointed by the President. Their tenure is decided by President and are eligible for re-appointment. Recently, 15th commission of India has submitted its report which is headed by Nand Kishor (NK) Singh.

Explanations:

The Article 280 of the Indian Constitution deals with the Finance Commission as a quasi-judicial body. It is constituted by the President on every fifth year or before if required. The finance commission consists of one chairman and 4 other members appointed by the President. Their tenure is decided by President and are eligible for re-appointment. Recently, 15th commission of India has submitted its report which is headed by Nand Kishor (NK) Singh.