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  1. Which among the following is a constitutional body as per the Indian Constitution?
    1. Finance Commission
    2. National Development Council
    3. Planning Commission
    4. 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.



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