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Q: The Finance Commission of India is set up under ______.
  • A. Article 280
  • B. Article 277
  • C. Article 265
  • D. Article 288
Correct Answer: Option A - The Finance Commission of India is set up under Article 280. Finance commission is a constitutional body that defines financial relationship between the central government and the state government. It came into existence on 22ⁿᵈ November 1951 and its chairman was Kshitish Chandra Neogy. Nand Kishore (N.K) Singh is the chairperson of current 15ᵗʰ Finance commission.
A. The Finance Commission of India is set up under Article 280. Finance commission is a constitutional body that defines financial relationship between the central government and the state government. It came into existence on 22ⁿᵈ November 1951 and its chairman was Kshitish Chandra Neogy. Nand Kishore (N.K) Singh is the chairperson of current 15ᵗʰ Finance commission.

Explanations:

The Finance Commission of India is set up under Article 280. Finance commission is a constitutional body that defines financial relationship between the central government and the state government. It came into existence on 22ⁿᵈ November 1951 and its chairman was Kshitish Chandra Neogy. Nand Kishore (N.K) Singh is the chairperson of current 15ᵗʰ Finance commission.