The members of the Finance Commission of India should be selected and appointed by the President from among the following :

{a) A judge of the High Court or a person qualified to be appointed as one.
(b) A person who has specialized knowledge of Finance and Accounts of the Government.
(c) A person who has wide experience in financial matters and in administration.
(d) A person who has special knowledge of center-state relations.
Which of the statements given above is correct?