Correct Answer: President of India

Solution : The Correct Answer is-  President of India

According to Article 280, the Finance Commission is a constitutional entity. A Finance Commission must be appointed by the Indian President every five years or sooner. It serves as a constitutional body that distributes certain revenue resources between the Union Government and the State Governments. Establishing a sound financial and beneficial relationship between the federal government and the state governments was the main motivation behind the establishment of the Finance Commission of India.