Composition of Finance commission: Members criteria

Q.  Which of the following statements is/are correct about Finance Commission?

1. The Chairman of the Finance Commission is selected among people who have had the experience of public affairs.
2. For selecting members, having special knowledge of economics is the only criteria.
- Published on 15 Sep 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
Members are selected based on following criteria:

1. Are, or have been, or are qualified, as judges of High Court, or
2. Have knowledge of Government finances or accounts, or
3. Have had experience in administration and financial expertise; or
4. Have special knowledge of economics

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