polity medium fill in the blank

The Finance Commission of India is constituted under Article ______ of the Constitution.

  1. 275
  2. 280
  3. 282
  4. 293

Answer: 280

Article 280 mandates the President to constitute a Finance Commission every 5 years to recommend distribution of tax revenues between Centre and States, and grants-in-aid principles.

Topic Federal Financial Relations
Exam Relevance Important for Banking, SSC, and UPSC Economy-Polity overlap questions

More Polity Questions