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● Statement 1 is correct: Article 280 of the Constitution provides that the President shall constitute the Finance Commission at every five years or at such earlier time as he considers necessary. ● Statement 2 is incorrect: The Constitution does not provide for qualification of chairperson and members of the commission and authorises the Parliament to determine the qualifications of members of the commission. Parliament has enacted The Finance Commission (Miscellaneous Provisions) Act, 1951 for this purpose. ● Statement 3 is correct: Article 281 provides that the President causes every recommendation made by the Finance Commission with explanatory memorandum as to the action taken thereon to be laid before the parliament.
What is the primary focus of the 'Wrestle for Glory' program launched by IndusInd Bank?
How many deeptech startups are there in India?
The IMF has provided the cash-strapped Sri Lanka with access to about _________ to restore macroeconomic stability and debt sustainability.
National Bank for Agriculture and Rural Development (NABARD) has raised close to ____ via three-year bonds in 2023.
India ’ s which tech - startup showcased Solar Power Drone ‘ Suraj ’ at Aero India 2023 show?
The Reserve Bank of India (RBI) has asked banks not to classify zero balance accounts, which are opened for the beneficiaries of government schemes like...
What is the unique feature of the upcoming nuclear clock being developed by JILA scientists?
In the 20th Dhaka International Film Festival in Dhaka, Indian movie _________ won the Best Film Award in the Asian Film Competition category.
According to data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit touched _______ of the full-year targe...
What role does the Executive Committee play in the Codex Alimentarius Commission (CAC)?