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Which of the following statements is/are incorrect about Finance Commission– 1. The recommendation of Finance Commission will be laid to the table of Parliament by President, is mentioned in Article-280. 2. The chairman of 14th Finance Commission was Dr. Vijay Kelkar. 3. Contingency Fund was formed by Contingency Fund Act, 1951. 4. M.M. Punchi Commission was formed in 2001.

Which of the following statements is/are incorrect about Finance Commission– 1. The recommendation of Finance Commission will be laid to the table of Parliament by President, is mentioned in Article-280. 2. The chairman of 14th Finance Commission was Dr. Vijay Kelkar. 3. Contingency Fund was formed by Contingency Fund Act, 1951. 4. M.M. Punchi Commission was formed in 2001. Correct Answer All are incorrect.

Option 4 is correct, i.e. All are incorrect.

  • The recommendation of the Finance Commission is placed before Parliament under Article 281, the 14th Finance Commission is headed by Y.V. Reddy.
  • The Contingency Fund Act was passed in 1950 and the M.M. Punchhi Commission was constituted in 2007.
Article Details
Article 280 It states about Finance commission

Article 281

It deals with the recommendations of the finance commission

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