Question : Which of the following is constituted under Article 280 of the Constitution of India?
Option 1: Advocate General
Option 2: Central Vigilance Commission
Option 3: Finance Commission
Option 4: National Commission for Women
Correct Answer: Finance Commission
Solution : The correct option is the Finance Commission.
The Finance Commission is a constitutional body set up under Article 280 of the Constitution. After every five years, this commission is to be set up with a chairman along with four members. It is a constitutional body in India that plays a crucial role in fiscal federalism.
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Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Question : Which body is constituted by the President of India to advise on the decision of Central Resources between the central and the State ?
Option 1: Tariff Commission
Option 2: Finance Commission
Option 3: Planning Commission
Option 4: Taxation Enquiry Commission
Question : Which authority recommends the principles governing the grants in -aid of revenues of the states out of the consolidated fund of india?
Option 1: public accounts committee
Option 2: union ministry of finance
Option 4: inter-state council
Question : Who among the following is the executive head of state in India?
Option 1: Prime Minister
Option 2: President
Option 3: Cabinet Secretary
Option 4: Finance Secretary
Question : Who is the regulator of Micro Finance Institutions in India?
Option 1: SEBI
Option 2: RBI
Option 3: NABARD
Option 4: SBI
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