Which Article of the Indian Constitution mentions about the recommendations of the Finance Commission?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Article 280.
Article 280 of the Indian Constitution mentions the Finance Commission. It provides for the establishment of a Finance Commission by the President every five years or earlier as necessary. The Commission is tasked with recommending the distribution of the net proceeds of taxes between the Centre and the States, principles for grants-in-aid to states, and measures to augment the resources of panchayats and municipalities. Its recommendations aim to ensure a fair fiscal balance between different levels of government, promoting cooperative federalism. However, the recommendations are advisory and not binding on the government.