Q. What is the total strength of the Central Finance Commission including the Chairman?
Solution:
The Finance Commission was established by the President of India in 1951 under Article 280 of the Indian Constitution. It was formed to define the financial relations between the central government of India and the individual state governments. As per the Constitution, the Commission is appointed every five years and consists of a chairman and four other members(total:5 members). N K Singh is the Chairman of the 15th Finance Commission.
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