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The Finance Commission is constituted by the President of India under Article ______ of the Constitution.
  • a)
    164
  • b)
    280
  • c)
    112
  • d)
    226
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The Finance Commission is constituted by the President of India under ...
The Finance Commission was established under Article 280 of the Indian Constitution by the Indian President.
Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Government.
It was created to define the financial relations between the Centre and the states. It was formed in 1951.
The present Finance commission chairman is Shri Nand Kishore Singh (as of Dec. 2020).
K.C. Neogy was the first Chairman of the Finance Commission which was formed in the year 1951.
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The Finance Commission is constituted by the President of India under Article ______ of the Constitution.a)164b)280c)112d)226Correct answer is option 'B'. Can you explain this answer?
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