Question

Choose the correct statement

1. Finance Commission is set up once in every 5 years

2. Finance Commission is a temporary body

3. The 14th Finance Commission was set up in 2015. Its recommendations were vaild for the

period from 1st April 2015 to 31st March 2020.

4. 15th Finance Commission’s recommendations on tax sharing between centre and states

are to kick in from April 2020​

Answer 1

Answer:

finance commission is set up once in every 5 years