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Q: Under the provisions of which Article of the Indian Constitution is the President empowered to constitute a Finance Commission at the expiration of every fifth year or at such earlier time as the President considers necessary?
  • A. Article 282
  • B. Article 280
  • C. Article 283
  • D. Article 281
Correct Answer: Option B - As per Article 280, Finance Commission shall consist of a chairman and four other members to be appointed by the President. As per the provisions contained in Article 280 of the constitution, the President of India can constitute the finance commission and give its recommendations on the distribution of taxes between the state governments and Union government and also amongst the states themselves.
B. As per Article 280, Finance Commission shall consist of a chairman and four other members to be appointed by the President. As per the provisions contained in Article 280 of the constitution, the President of India can constitute the finance commission and give its recommendations on the distribution of taxes between the state governments and Union government and also amongst the states themselves.

Explanations:

As per Article 280, Finance Commission shall consist of a chairman and four other members to be appointed by the President. As per the provisions contained in Article 280 of the constitution, the President of India can constitute the finance commission and give its recommendations on the distribution of taxes between the state governments and Union government and also amongst the states themselves.