Which of the following article of Indian Constitution is related to the Finance Commission of India?

Correct option is A

The correct answer is (a) Article 280.
· Article 280 of the Indian Constitution provides for the establishment of the Finance Commission of India. The Finance Commission is a constitutional body that is appointed every five years or at such earlier time as the President considers necessary. Its primary function is to recommend the distribution of the net proceeds of taxes between the Centre and the States, and to determine the principles that should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India. The recommendations of the Finance Commission play a crucial role in maintaining fiscal federalism in India.
Information Booster:
· First Finance Commission: Constituted in 1951 under the chairmanship of K.C. Neogy.
· Current Commission: The 15th Finance Commission, chaired by N.K. Singh, was constituted in 2017.
Additional Information:
· Article 290: Deals with the payment of monies to certain States by the Centre out of the Consolidated Fund of India.
· Article 260: Relates to the jurisdiction of the Union over territories outside India.
· Article 270: Deals with the distribution of taxes between the Centre and the States, particularly those that are not assigned exclusively to the Centre.