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    Question

    The Finance Commission, constituted under _____ of the

    Constitution, is tasked with recommending the tax devolution between Union and States and grants-in-aid. Additionally, the 16th Finance Commission is mandated to review financing arrangements related to ___________.
    A Article 270; local bodies Correct Answer Incorrect Answer
    B Article 280; disaster management Correct Answer Incorrect Answer
    C Article 280; fiscal deficit Correct Answer Incorrect Answer
    D Article 279A; GST compensation Correct Answer Incorrect Answer
    E Article 281; centrally sponsored schemes Correct Answer Incorrect Answer

    Solution

    The Finance Commission is constituted under Article 280 of the Constitution of India. Its core functions include recommending: тАв Tax devolution between Union and States тАв Grants-in-aid to States As per its Terms of Reference, the 16th Finance Commission has been mandated to review the financing arrangements for disaster management, including funds under the Disaster Management framework.

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