Correct option is B
The correct answer is: (B) Part XII
Explanation:
● Part XII (Articles 264 to 300) of the Indian Constitution deals with financial relations between the Centre and the States.
● It includes rules regarding taxation, distribution of revenues, Consolidated Funds, and financial powers of government.
● It ensures proper fiscal management and division of financial authority.
Explanation:
● Part XII (Articles 264 to 300) of the Indian Constitution deals with financial relations between the Centre and the States.
● It includes rules regarding taxation, distribution of revenues, Consolidated Funds, and financial powers of government.
● It ensures proper fiscal management and division of financial authority.
Information Booster:
● Article 280 → Finance Commission
● Article 266 → Consolidated Fund of India
● Article 270 → Distribution of taxes
● Article 275 → Grants-in-aid
● Part XII → Financial & Property relations
● Article 280 → Finance Commission
● Article 266 → Consolidated Fund of India
● Article 270 → Distribution of taxes
● Article 275 → Grants-in-aid
● Part XII → Financial & Property relations
Additional Knowledge:
● Part X → Scheduled & Tribal Areas
● Part XI → Centre–State legislative relations
● Part XIII → Freedom of Trade & Commerce
● Part XII → Covers revenues, property, contracts, liabilities
● Part X → Scheduled & Tribal Areas
● Part XI → Centre–State legislative relations
● Part XIII → Freedom of Trade & Commerce
● Part XII → Covers revenues, property, contracts, liabilities
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