How many other members are there in the Finance Commission EXCEPT, Chairman?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 4.
The Finance Commission of India consists of a Chairman and four other members, making a total of five members. Therefore, except the Chairman, there are four members in the commission. These members are appointed by the President of India and usually include experts in public finance, economics, and administration. The commission’s main role is to recommend the distribution of financial resources between the central government and the states, as well as among the states themselves, ensuring fiscal balance.