state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
The 16th Finance Commission has been in the news recently for preparing its recommendations. With reference to the Finance Commission of India, consider the following statements:
1. The Finance Commission is constituted by the President of India every five years or earlier.
2. The recommendations of the Finance Commission are placed only before the Lok Sabha for consideration.
3. The qualifications for the members of the Finance Commission are determined by the Parliament.
Which of the statements given above is/are correct?
1
1 only
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3