Question

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.

• A. i and ii only
• B. ii only
• C. i and iii only
• D. None of the above

Answer 1

Answer:

A. i and ii only

Finance Commission

• The Constitution of India, specifically Article 280, provides for the establishment of a Finance Commission.

• The qualifications of the members of the Finance Commission are determined by the Parliament of India, not directly by the Constitution itself.

• While the Constitution does not explicitly state rigid qualifications, the Parliament has laid down certain criteria through the Finance Commission (Miscellaneous Provisions) Act, 1951.

• Chairman: Must be someone who has had experience in public affairs. This is a broad qualification allowing for individuals with significant administrative or governmental experience.

• Other Members:

  • One member must be a person who is, or has been, or is qualified to be appointed as a Judge of a High Court. This ensures a legal perspective within the commission.

  • The remaining members should be persons of ability, integrity, and standing who have special knowledge of, or experience in, finance, accounting, public administration, economics, or law.

• Key Point for Exams: It's important to note that while specialized knowledge of economics is desirable for some members, it is not a mandatory qualification for all members, nor is it a strict requirement for the chairman. The focus is on a diverse expertise including finance, law, and public affairs.

• The Finance Commission is a quasi-judicial body, and its recommendations are advisory in nature, though they are usually accepted by the government.