GK Question

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

Answer: 280

Article 280 provides for the constitution of a Finance Commission by the President every five years (or earlier). The Commission recommends the distribution of tax revenues between the Union and States, and among States themselves, and principles governing grants-in-aid to States.

Topic Constitutional Bodies
Exam Relevance Key topic for UPSC and SSC; links fiscal federalism with constitutional provisions
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