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  1. Who constitutes the Finance Commission after every five years?
    1. The Council of Ministers
    2. The Parliament
    3. The President
    4. The Comptroller and Auditor General
Correct Option: C

Article 280 of the Indian Constitution deals with the Finance Commission. The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state.


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