A₹10,000
B₹25,000
C₹50,000
D₹1,00,000
A₹10,000
B₹25,000
C₹50,000
D₹1,00,000
Related Questions:
Regarding the composition and qualifications of the Central Finance Commission, which of the following statements is accurate?
i. The Constitution itself specifies that the chairman must be a former judge of the Supreme Court.
ii. Parliament is authorized to determine the qualifications, and it has specified that one of the four members must have specialized knowledge of economics.
iii. Members of the commission hold office for a fixed term of five years and are not eligible for reappointment.
iv. The commission is composed of a chairman and five other members, all selected by a collegium and appointed by the President.
Which of the following statements is/are correct about the qualifications of members of the Central Finance Commission?
i. The chairman must have experience in public affairs.
ii. One member must be a judge of a High Court or qualified to be appointed as one.
iii. All members must have specialized knowledge of economics.