The term "Finance Commission" is mentioned under which Article?
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A.
Article 275
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B.
Article 280
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C.
Article 282
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D.
Article 300
Correct Answer:
B. Article 280
Explanation:
The Finance Commission is a constitutional body established under Article 280 of the Constitution of India. It is appointed by the President every five years, or earlier if necessary, to define the financial relationship between the central government and the state governments. Its primary responsibilities include making recommendations on the distribution of net tax proceeds between the Union and the States, as well as determining the principles that govern grants-in-aid to the states from the Consolidated Fund of India. While Articles 275, 282, and 300 also relate to financial matters and legal proceedings, Article 280 specifically mandates the creation and functions of the Finance Commission.
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