Which of the following statements are incorrect with regard to the Finance Commission?

1.I. The provision of the Finance Commission has been mentioned in Article 280 of the Constitution

2.II. Finance Commission shall consist of Chairman and two members

3.III. Finance Commission submits its recommendations to the Parliament

4.IV. The Parliament is authorized to determine the qualifications for appointment as member of the commission

AI and II

BI and IV

CII and III

DIII and IV

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