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Select the correct statements 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 theCentre to the States4. Article 280 of Constitution provides for appointment of Finance Commission 5. 1st and 13th Finance Commission was headed by K.C. Neogy and Dr Vijay Kelkar, respectively (CLAT 2015)

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Select the correct statements 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 theCentre to the States4. Article 280 of Constitution provides for appointment of Finance Commission 5. 1st and 13th Finance Commission was headed by K.C. Neogy and Dr Vijay Kelkar, respectively (CLAT 2015)






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