Select the correct statement 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 commission headed by former RBI 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 Comission. 5. 1st and 13th Finance Commission was headed by K C Neogy and Vijay Kelkar respectively.

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Select the correct statement 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 commission headed by former RBI 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 Comission. 5. 1st and 13th Finance Commission was headed by K C Neogy and Vijay Kelkar respectively.