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Which among the following is a constitutional body as per the Indian Constitution?
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- Finance Commission
- National Development Council
- Planning Commission
- None of the above
Correct Option: A
Finance Commission is constituted to define financial relations between the Centre and the States. Under the provision of Article 280 of the constitution of Inida, the President appoints a Finance Commission for the specific purpose of devolution of nonplan revenue resources. YV Reddy is the chairman of the 14th Finance commission.