Who among the following determines the qualification which shall be requisite for appointment as member of the finance commission?

Question

Who among the following determines the qualification which shall be requisite for appointment as member of the finance commission?

1. A. President of India
2. B. Council of Ministers
3. C. Parliament by act (Correct answer)
4. D. Union Cabinet

Correct Answer

Option C — Parliament by act

Detailed Solution & Explanation

The correct answer is Parliament by act.

Key Points

• Under Article 280(2) of the Constitution, Parliament may by law determine the qualifications requisite for appointment as members of the Finance Commission and the manner in which they shall be selected.
• The Finance Commission is a constitutional body constituted by the President every fifth year, or earlier if he considers it necessary.
• It consists of a Chairman and four other members.
• Its core function is to recommend the distribution of net tax proceeds between the Union and the States (vertical devolution) and the allocation among the States (horizontal devolution), along with the principles governing grants-in-aid and measures to augment State Consolidated Funds to supplement Panchayats and Municipalities.
• The 15th Finance Commission, chaired by N. K. Singh, recommended a 41% share of the divisible pool for the States.

Exam Tip

• distinguish the President's power to constitute the Commission from Parliament's power to prescribe qualifications.

प्रश्न (हिन्दी में)

निम्नलिखित में से कौन वित्त आयोग के सदस्य के लिए आवश्यक अर्हताओं का निर्धारण करता है?

1. A. भारत का राष्ट्रपति
2. B. मंत्रिपरिषद
3. C. संसद विधि द्वारा
4. D. संघीय कैबिनेट