WBCS.LIVE practice question

What is the tenure of the Finance Commission of India?

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

Answer options

  1. 3 years
  2. Indefinite
  3. 6 years
  4. 5 years

Correct answer and explanation

Correct answer: 5 years

Explanation: āœ… Correct Answer: D) 5 years šŸ“š Explanation: The Finance Commission is a constitutional body established under Article 280, and it is constituted by the President every five years or at such earlier time as the President considers necessary. Its primary role is to recommend the distribution of financial resources between the Union and the States. The 16th Finance Commission was recently constituted in late 2023 for the upcoming period.