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Question : The Finance Commission is constituted by the President of India under Article ______ of the Constitution.

Option 1: 164

Option 2: 280

Option 3: 112

Option 4: 226


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Answer (1)
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Correct Answer: 280


Solution : The correct answer is 280 .

Established every five years by the Indian President under Article 280 of the Indian Constitution, its purpose is to determine the financial ties between the Centre and the states. The Finance Commission (Miscellaneous Provisions) Act of 1951 formed the First Commission.

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