Who appoints the chairman and members of the Finance Commission?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer:-
President
Explanation:-
Under Article 280 of the Indian Constitution, the Finance Commission is constituted by the President of India. The President appoints the Chairman and the four other members of the Finance Commission. The qualifications and tenure of these members are determined by the President in accordance with the law enacted by Parliament.
Key Points:-
The Finance Commission is a constitutional body, typically constituted every five years or earlier as deemed necessary by the President.
While appointing the Chairman and members, the President ensures that they have experience in public affairs and specialized knowledge in economics, law, or financial matters.
The primary function of the Finance Commission is to provide recommendations regarding the distribution of financial resources between the Center and the States.
Important Questions and Answers:
Question: Who determines the qualifications for the Chairman and members of the Finance Commission?
Answer: Parliament, by enacting a law.
Question: How binding are the recommendations of the Finance Commission on the Government of India?
Answer: The recommendations of the Finance Commission are only 'advisory' in nature to the government; they are not mandatory.