Question

The qualifications of the Chairman and other members of the Finance Commission _______________.

• A. have been laid down in the Constitution
• B. are appointed by the President
• C. are appointed by the Parliament
• D. are determined by the President in consultation with the Comptroller and Auditor-General of India

Answer 1

Answer: (B)

are appointed by the President

Under Article 280 of the Constitution, the Finance Commission is appointed by the President. Its main function is to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves. The other functions involve redressing the vertical imbalances between the taxation powers and expenditure responsibilities of the centre and the States respectively and equalisation of all public services across the States.