Which of the following are the essential requirements for a person to be appointed as a member of Finance Commission?
1. A supreme Court judge or one qualified to be appointed as such
2. A person having wide experience in financial matters and administration
3. A person having special knowledge of economics
Select the correct answer using the code given below:
1
1, 2 and 3
2
1 and 2 only
3
2 and 3 only
4
1 and 3 only