Under which one of the following Articles is the formation of Finance Commission laid down? (1) Article 280 (2) Article 269 (3) Article 268 (4) Article 265
(1) Article 280 Explanation: The Finance Commission is a constitutional body which was created by the President of India in 1950 under Article 280 of the Constitution of India. It is appointed for five years. It is formed to define financial relations between the central government and the state governments.