14. With reference to Finance Commission of India, consider the following statements:
1. Finance commission is a quasi-judicial body.
2. The Constitution authorizes the Parliament to determine the qualifications of members of the commission and the manner in which they should be selected.
3. The Fifteenth Finance Commission of India was constituted in 2017 and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing 1 April 2020.
Which of the above statements is/are correct?