GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many members are in the Finance Commission of India?
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3
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4
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5
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6
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Explanation:
Detailed explanation-1: -As per the constitution, the commission is appointed every five years and consists of a chairman and four other members.
Detailed explanation-2: -The Fifth Finance Commission of India was constituted by the President of India, Dr. Zakir Hussain, on 15 March 1968. The commission was chaired by Mahavir Tyagi.
Detailed explanation-3: -To study the combined incidence of Sales Tax and Union Excise Duties on the production, consumption or export of products, the duties on which are shareable with the State.
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