Question

The first Finance Commission was appointed in the year _______.

• A. $1948$
• B. $1950$
• C. $1951$
• D. $1956$

Answer 1

The correct option is C $1951$

Finance Commission is a commission which defines the terms of eligibility, qualification, disqualification and the powers of the Finance Commission. It was established as per Article 280 of the Constitution. The first Finance Commission was appointed in the year 1951. The President of India appointed the same for the period 1952-1957.

Thus, the correct answer is C.