A) Neither the Finance Commission nor the Planning Commission is a constitutional body
B) The scope of the Finance Commission is limited to a review of revenue segment of the budget while the planning Commission takes an overall review embracing both capital and revenue requirements of the States
C) No one can be a member of both the Finance Commission and the Planning Commission at the same time
D) There is no overlapping of work and responsibility of the Finance Commission and those of the Planning Commission
Correct Answer: B
Solution :
[b] Finance Commission is a constitutional body (Art- 280). PC has come to play an important role in the field of sharing revenue between Centre and States, by transferring planned resources to states.
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