Under which article is the Finance Commission constituted?

Correct option is C

The correct answer is: (c) 280
Explanation:
· The Finance Commission of India is constituted under Article 280 of the Indian Constitution.
· It is formed every five years by the President to recommend the distribution of financial resources between the Centre and States.
Information Booster:
· First Finance Commission: 1951, headed by K.C. Neogy.
· Current (16th) Finance Commission formed in 2020, chaired by N. K. Singh.
· Recommends sharing of tax revenue and grants-in-aid.
· Also reviews the financial position of panchayats and municipalities.
· Aims at promoting fiscal federalism.
· It submits its report to the President of India.
Additional Information:
· Article 338 – National Commission for Scheduled Castes.
· Article 324 – Powers of the Election Commission.
· Article 148 – Office of the Comptroller and Auditor General of India.