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Question : The first Finance Commission of India was set up in the year:

Option 1: 1956

Option 2: 1965

Option 3: 1951

Option 4: 1948


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Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 1951


Solution : The correct option is 1951 .

The first Finance Commission of India was set up in 1951. It was constituted under the chairmanship of K. C. Neogy. The Finance Commission is a constitutional body in India that plays a crucial role in the distribution of financial resources between the central government and the state governments.

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