GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The finance commission in India is -
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An advisory body
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A statutory body
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A constitutional body
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An autonomous body
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Explanation:
Detailed explanation-1: -Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article 280 of the Indian Constitution by the Indian President.
Detailed explanation-2: -Finance Commission is a quasi-judicial body. 2. The Finance Commission consists of a chairman and six other members to be appointed by the President.
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