Multiple choice

Which of the following statements is incorrect in relation to the Finance Commission of India?

  1. The Finance Commission of India came into existence in 1950.

  2. It is established under Article 280 of the Indian Constitution.

  3. It is established by the President of India.

  4. As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members.
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A Correct answer
Explanation

The Finance Commission of India came into existence in 1951.

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