WBCS.LIVE practice question

How many Finance Commissions have submitted Reports so far?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Nine
  2. Ten
  3. Eleven
  4. Twelve

Correct answer and explanation

Correct answer: Twelve

Explanation: āœ… Correct Answer: D) Twelve šŸ“š Explanation: The Finance Commission is a constitutional body established under Article 280 to recommend the distribution of tax revenues. By the time this specific set was created, twelve such commissions had completed their reports. Each commission provides guidelines for the financial relationship between the Center and the States. This body is vital for maintaining fiscal federalism in the country.