Multiple choice general knowledge

Which is the constitutionally established body for the purpose of allocation of certain resources of revenue between the Union and the State Governments

  1. Planning commission

  2. Centre-State Commission

  3. National Advisory Council

  4. Finance Commission
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Article 280 of the Indian Constitution establishes the Finance Commission every five years to recommend the distribution of financial resources between the Union and State Governments. This includes sharing of tax revenues, grants-in-aid, and other fiscal matters. The Planning Commission (now replaced by NITI Aayog), Centre-State Commission, and National Advisory Council were not constitutionally established bodies for revenue allocation.

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