The Finance Commission

21. After the commencement of the Constitution how many Finance Commissions have been constituted? [M.P.P.C.S. (Pre) 1999]

Correct Answer: (e) 15

Solution:On November 27, 2017 the 15th Finance Commission was constituted by the Government of India under the Chairmanship of N. K. Singh. The 15th Finance commission submitted two reports the first report consisted of recommendations for the financial year 2020-21 and the final with recommendations for 2021-26. The 14th Finance Commission was formed in January 2013 under the Chairmanship of Y.V.Reddy.

22. Who among the following was the Chairman of 13th Finance Commission? [U.P.P.C.S. (Pre) 2016]

(a) Indira Rajaraman
(b) C. Rangarajan
(c) Y. V. Reddy
(d) None of the above

Correct Answer: (c) Y. V. Reddy

Solution:On November 27, 2017 the 15th Finance Commission was constituted by the Government of India under the Chairmanship of N. K. Singh. The 15th Finance commission submitted two reports the first report consisted of recommendations for the financial year 2020-21 and the final with recommendations for 2021-26. The 14th Finance Commission was formed in January 2013 under the Chairmanship of Y.V.Reddy.

23. Who among the following was the Chairman of 14th Finance Commission? [U.P.P.C.S. (Pre) 2016]

(a) Shanta Kumar
(b) C. Rangarajan
(c) Y. V. Reddy
(d) None of the above

Correct Answer: (c) Y. V. Reddy

Solution:On November 27, 2017 the 15th Finance Commission was constituted by the Government of India under the Chairmanship of N. K. Singh. The 15th Finance commission submitted two reports the first report consisted of recommendations for the financial year 2020-21 and the final with recommendations for 2021-26. The 14th Finance Commission was formed in January 2013 under the Chairmanship of Y.V.Reddy.

24. Who has been nominated as the chairman of the 15th Finance Commission. [U.P.P.S.C. (GIC) 2017]

(a) N.K. Singh
(b) Shashikant Das
(c) Ashoka Lavasa guide
(d) Ratan Watal

Correct Answer: (a) N.K. Singh

Solution:15th Finance Commission was constituted according to the provision of Article 280 by the President on 27 November, 2017.

N.K. Singh was nominated as the chairman of this commission. The tenure for the enforcement of recommendations of the 15th Finance Commission was from the year 2020 to the year 2025, but the commission submitted two reports - the first report consisted of recommendations for the financial year 2020-21 and the final with recommendations for 2021-26.

25. The Finance Commission consists of a Chairman and [U.P.P.C.S. (Spl) (Mains) 2008]

(a) Seven other member
(b) Five other members
(c) Four other members
(d) Such other members as may be decided by the President from time to time

Correct Answer: (c) Four other members

Solution:Under Article 280(1) of the Constitution, the Finance Commission consists of 4 members other than the Chairman appointed by the President of India.

26. Who of the following shall causes every recommendation made by the Finance Commission to be laid before each House of the Parliament? [I.A.S. (Pre) 2010]

(a) The President of India
(b) The Speaker of Lok Sabha
(c) The Prime Minister of India
(d) The Union Finance Minister

Correct Answer: (a) The President of India

Solution:Article 281 : The President shall cause every recommendation made by the finance commission to be laid before each house of the parliament.

27. Consider the following statements and select the correct answer from the code given below: [U.P.P.C.S. (Pre) (Re. Exam) 2015]

Assertion (A): State Finance Commission is a Constitutional body.

Reason (R): Union Finance Commission cannot recommend financial assistance to Panchayats.

Code:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.

Correct Answer: (c) (A) is true, but (R) is false.

Solution:According to Article 243-I of the Constitution, the Governor of a State shall, as soon as may, be within one year from the commencement of the Constitution (Seventy-Third Amendment) Act, 1992 and after that at the expiration of every fifth year, constitute a Finance Commission to review the financial position of the Panchayats and to make recommendations to the Governor. Thus, the State Finance Commission is a Constitutional body. Article 280(3) (bb) of the Constitution lays down the Finance Commission to make its recommendations with respect to the Panchayats and art under 280(3) (c) for Municipalities "on the basis of the recommendations made by the Finance Commission of the State."

28. Which one of the following statements about a State Finance Commission is true? [U.P.P.C.S. (Pre) 2015]

(a) It is an Informal body.
(b) It is a Constitutional body.
(c) It is an Administrative body.
(d) None of the above

Correct Answer: (b) It is a Constitutional body.

Solution:The State Finance Commission is a Constitutional body. It is constituted by the Governor under Article 243-1.

29. The State Finance Commission is a- [U.P.P.C.S. (Pre) 2016]

(a) Legal body
(b) Non-statutory body
(c) Constitutional body
(d) None of the above

Correct Answer: (c) Constitutional body

Solution:The State Finance Commission is a Constitutional body. It is constituted by the Governor under Article 243-1.

The Finance Commission

21. After the commencement of the Constitution how many Finance Commissions have been constituted? [M.P.P.C.S. (Pre) 1999]

22. Who among the following was the Chairman of 13th Finance Commission? [U.P.P.C.S. (Pre) 2016]

23. Who among the following was the Chairman of 14th Finance Commission? [U.P.P.C.S. (Pre) 2016]

24. Who has been nominated as the chairman of the 15th Finance Commission. [U.P.P.S.C. (GIC) 2017]

25. The Finance Commission consists of a Chairman and [U.P.P.C.S. (Spl) (Mains) 2008]

26. Who of the following shall causes every recommendation made by the Finance Commission to be laid before each House of the Parliament? [I.A.S. (Pre) 2010]

27. Consider the following statements and select the correct answer from the code given below: [U.P.P.C.S. (Pre) (Re. Exam) 2015]

28. Which one of the following statements about a State Finance Commission is true? [U.P.P.C.S. (Pre) 2015]

29. The State Finance Commission is a- [U.P.P.C.S. (Pre) 2016]

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