WBCS.LIVE practice question

The Finance Commission of India consists of a chairman and ________.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 4 members
  2. 10 members
  3. 3 members
  4. 6 members

Correct answer and explanation

Correct answer: 4 members

Explanation: The correct answer is A. 4 members. The Finance Commission of India is a constitutional body formed under Article 280 of the Constitution. It consists of a Chairman and four other members, making a total of five. The President of India appoints them every five years or earlier as deemed necessary. The Commission recommends how tax revenues should be distributed between the Centre and the States. Members must have experience in public affairs, finance, economics, or administration. Their recommendations aim to ensure fiscal balance and cooperative federalism.