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Question
Select the correct statements about 14th finance Commission which submitted its report to President
1. It covers the period between 1 April 2015 and 31 March 2020.
2. The Comtrtiss1on headed by former RBl Governor Y V Reddy
3. Provides for devolution of tax receipts from the Centre to the States
4. Article 280 of constitution provides for appointment of Finance commission.
5. 1st and 13th Finance COmmiSSion was headed by K C Neogy & Dr. Vijay Kelkar respectively.
Options
1, 3 & 5 are correct
1, 2 & 3 are correct
1, 3 & 4 are correct
AII are correct
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Solution
AII are correct.
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