The Finance Commission of India consists of ________.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. a Chairperson and four other members.
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The Finance Commission of India is constituted under Article 280 of the Constitution.
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It consists of a total of five members — one Chairperson and four other members.
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All members are appointed by the President of India.
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The main role of the Commission is to recommend the distribution of financial resources between the Centre and the States.