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The Finance Commission, as laid down in Article 280 of the Constitution, is constituted by:
Question

The Finance Commission, as laid down in Article 280 of the Constitution, is constituted by:

A.

Prime Minister

B.

President of India

C.

(c) Chief Justice of the Supreme Court of India

D.

Parliament

Correct option is B

The Finance Commission of India is established by the President of India under Article 280 of the Indian Constitution. The Finance Commission is a constitutional body that is set up every five years or earlier, if required. Its primary function is to make recommendations to the President regarding the distribution of tax revenues between the Central Government and the State Governments.

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