Q.

Who appoints the Finance Cornmission in India?

A. Governor, R.B.I.
B. CAG of India
C. President of India
D. Central Finance Minister
Answer» C. President of India
Explanation: Article 280 of the Constitution of India requires the Constitution of a Finance Commission every five years, or earlier. It is established by President of India. It consists of a chairman and four other members to be appointed by the president. The first finance commission was established in 1951.
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