BPSC 67th Prelims Exam 08 May 2022 Solved Paper

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Question : 119 of 150
 
Marks: +1, -0
With reference to the Finance Commission of India, consider the following statements
1. The Finance Commission is a statutory body
2. The Finance Commission was set up under Article 280 of the Constitution
3. The recommendations made by the Finance Commission are only advisory in nature.
4. The first Finance Commission was set up in 1950.
Which of the above statements are correct?
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