Question : Finance Commission is appointed by the President of India after every
Option 1: 5 years
Option 2: 6 years
Option 3: 4 years
Option 4: None of these
Correct Answer: 5 years
Solution : The Correct Answer is- 5 years
The Finance Commission, an institution with constitutional authority, is a crucial part of fiscal federalism. Article 280 of the Constitution discusses the Finance Commission. The Indian Finance Commission is a constitutional body that is appointed every five years by the President of India. The commission's additional members are also chosen by the governor.
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