The Finance Commission constituted by the President pursuant to clause (1) of article 280 of the Constitution. It was formed to define the financial relations between the centre and the state. The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members.

Candidates who are attending for competitive examinations may face some of the questions from finance commission in general awareness section hence you are recommended to study this material for your better performance.

Qualifications for appointment as, and the manner of selection of, members of the  commission.

The Chairman of the Commission shall be selected from among persons who have had experience in public affairs, and the four other members shall be selected from among persons who—

(a) are, or have been, or are qualified to be appointed as Judges of a High Court; or

(b) have special knowledge of the finances and accounts of Government; or

(c) have had wide experience in financial matters and in administration; or

(d) have special knowledge of economics.

 The questions from finance commission in general awareness section  study this material is given below:

Finance Commission	Chairman	Estb on	Operational Duration
I	K C Nyogi	1951	1952-57
II	K Santhanam	1956	1957-62
III	A K Chanda	1960	1962-66
IV	P V Rajamannar	1964	1966-69
V	Mahaveer Tyagi	1968	1969-74
VI	Brahmanand Reddy	1972	1974-79
VII	J M Sheliet	1977	1979-84
VIII	Y B Chavan	1983	1984-89
IX	N K P Salve	1987	1989-95
X	K C Pant	1992	95-2000
XI	A M Khusro	1998	2000-05
XII	C Rangarajan	2003	2005-10
XIII	Vijay L Kelkar	2007	2010-15

Press CTRL+D right now to bookmark this website. Here you can find all study materials and previous question papers PDF’s for free download. These PDF’s might helped you a lot in preparing for exams. All previous Question papers for SSC, RRB, IBPS, IAS (civils), Groups are available in allindiaroundup.com. In this site we provided all the information about Job notification, Admit cards for exams, Materials and previous question papers for exams, Results declared. Stay tuned for this website for more update.