SarkariPYQ

SSC CPO 2019 PYQ — Question 65

SSC CPO Tier I - 12th December 2019 - Shift 1 • General Awareness • Q65

Back to paper

The Finance Commission is established by the President every _____ year upon its completion.

Show answer & explanation

Correct answer: D

Explanation

The correct answer is Option 4 i.e. fifth.

  • The Finance Commission, a constitutionally mandated entity central to fiscal federalism, is established under Article 280 of the Constitution.

  • Its primary duty is to assess the financial statuses of both the Union and State Governments, propose the division of taxes between them, and establish the principles guiding the allocation of these taxes among the states.

  • As per Article 280, the President of India is obligated to form a Finance Commission every five years or sooner.