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    Question

    Under which article of Indian Constitution the Finance

    Commission is constitued?
    A Article 300 Correct Answer Incorrect Answer
    B Article 280 Correct Answer Incorrect Answer
    C Article 250 Correct Answer Incorrect Answer
    D Article 260 Correct Answer Incorrect Answer
    E Article 250 Correct Answer Incorrect Answer

    Solution

    The Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article 280 of the Indian Constitution by the Indian President. It was created to define the financial relations between the Centre and the states. It was formed in 1951.

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