Political Science · Political Processes in India
UGC NET Jun 2025 Political Science
Match List I with List II and select the correct answer from the codes given below.
List I
- I. The First Finance Commission
- II. The Second Finance Commission
- III. The Fifth Finance Commission
- IV. The Third Finance Commission
List II
- A. 1951
- B. 1968
- C. 1960
- D. 1956
AI-d, II-c, III-a, IV-b
BI-b, II-a, III-c, IV-d
CI-a, II-d, III-b, IV-c ✓ Correct
DI-c, II-b, III-d, IV-a
Correct answer: (C) I-a, II-d, III-b, IV-c — The First Finance Commission was constituted in 1951, the Second in 1956, the Third in 1960 and the Fifth in 1968.
Explanation
★The First Finance Commission was constituted in 1951, the Second in 1956, the Third in 1960 and the Fifth in 1968.
★The Finance Commission is set up under Article 280 of the Constitution to recommend the sharing of taxes and grants-in-aid between the Union and the States.
★The First Finance Commission (1951) was chaired by K.C. Neogy, and the Second (1956) by K. Santhanam.
★The Third Finance Commission (1960) was chaired by A.K. Chanda, and the Fifth (1968) by Mahavir Tyagi.
★A new Commission is normally constituted every five years, and its recommendations cover a five-year award period.
★For NET, lock the year chain: First 1951, Second 1956, Third 1960, Fifth 1968, all under Article 280.
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