Multiple choice Which is/are true about Finance Commission? It is a statutory body It is constituted under Article 280 of the Constitution Dr. C. Rangrajan is Chairman of 12th Finance Commission All of these Reveal answer Fill a bubble to check yourself D Correct answer Explanation The Finance Commission is a statutory body constituted under Article 280 of the Indian Constitution every five years. Dr. C. Rangarajan was indeed the Chairman of the 12th Finance Commission (2004-2009). All three statements A, B, and C are correct.