Which of the following article of Indian Constitution is related to the Finance Commission of India?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Article 280.
- The Finance Commission of India is established under Article 280 of the Indian Constitution.
- This article mandates that the President of India appoint a Finance Commission, typically every five years, to review and make recommendations on the distribution of financial resources between the central and state governments.
- Its recommendations aim to ensure an equitable distribution of resources, enhance fiscal stability, and promote effective financial governance.