GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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President
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Parliament
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Finance Commission
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None of these
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Detailed explanation-1: -Article 275 provides for the payment of such sums as Parliament may by law provide as grants-in-aid of the revenues of such States as Parliament may determine to be in need of assistance.
Detailed explanation-2: -There are two types of grants-in aid, viz, statutory grants and discretionary grants: Statutory Grants: Article 275 empowers the Parliament to make grants to the states which are in need of financial assistance and not to every state. Also, different sums may be fixed for different states.
Detailed explanation-3: -Ans. The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.