The Finance Commission is constituted under:
Correct answer: C. Article 280
Article 280 provides for a Finance Commission every five years to recommend how taxes are shared between the Union and the states.
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Answer and explanation
The correct answer is C. Article 280
Article 280 provides for a Finance Commission every five years to recommend how taxes are shared between the Union and the states.
Topic: Budget, Taxation and Planning MCQs · Subject: Indian Economy and Banking