Question

Which Article(s) or Part(s) of the Constitution specifically provide for the Finance Commission and allocation of revenues (relevant to Parts XI & XI

  • I ?
A Article 280 establishes the Finance Commission which recommends distribution of revenues between Centre and States.
B Article 243 creates the Finance Commission.
C The Finance Commission is created by the Seventh Schedule.
D There is no constitutional body for revenue allocation; Parliament decides annually
E The Finance Commission only deals with municipal finances.
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