Question : The Finance Commission of India is required to make recommendations to the _________.
Option 1: President of India
Option 2: Ministry of Finance
Option 3: Parliament
Option 4: Central Cabinet
Correct Answer: President of India
Solution : The correct option is the President of India .
The Finance Commission of India is required to make recommendations to the President of India. Specifically, it is tasked with making recommendations on the distribution of tax revenues and other fiscal matters between the central government and individual states. This includes recommendations on the sharing of central taxes, grants-in-aid to states, and other financial transfers.
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