Q: Which of the following statements with regard to the constitution of Finance Commission is/are correct? 1. The Government of India has recently constituted the Sixteenth Finance Commission under the Chairmanship of Dr. Arvind Panagariya. 2. Finance Commission is constituted in pursuance to Article 263 of the Constitution of India. Select the answer using the code given below:
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Correct Answer: (a)
The correct answer is (a): केवल 1. Subject: Indian Polity | Sub-topic: Constitutional Framework