Consider the following statements about the Commission in the light of the recent meeting of the Finance Chairman with the previous Chairmen of the Commission:n1. The Finance Commission is a statutory body and has been established under Article 230.n2. Nand Kishore Singh is the chairman of the Fifteenth Finance Commission.nWhich of the above statements is/are correct?

• A. only 1
• B. only 2
• C. both 1 and 2
• D. neither of the above