Finance Commission is constituted – (1) every year (2) once in four years (3) once in two years (4) once in five years

Finance Commission is constituted – (1) every year (2) once in four years (3) once in two years (4) once in five years
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(4) once in five years Explanation: 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. The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members.
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Who appoints the Finance Commission? (1) Finance Minister (2) Prime Minister (3) Speaker of the Lok Sabha (4) President

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The Finance Commission in India is appointed by – (1) Prime Minister of India (2) President of India (3) Chairman of Rajya Sabha (4) Speaker of Lok Sabha

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The deciding authority of States share in central taxes is the – (1) Finance Commission (2) Planning Commission (3) Election Commission (4) Finance Minister

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The salaries and allowances payable to the Members of the Parliament are decided by the – (1) President (2) Cabinet (3) Parliament (4) Finance Commission

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The authority which is not established by the constitutional provisions is– (1) Finance Commission (2) Planning Commission (3) UPSC (4) Election Commission

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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

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Last Answer : (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 ... years. It is formed to define financial relations between the central government and the state governments.