Here are some MCQs on Finance Commissions (Central and States)
1. The Finance Commission of India is constituted under which article of the Constitution?
a) Article 280
b) Article 360
c) Article 368
d) Article 370
2. The Finance Commission is appointed by the President of India for a period of how many years?
a) 2 years
b) 3 years
c) 4 years
d) 5 years
3. Which Finance Commission recommended the establishment of a Finance Commission for the states?
a) First Finance Commission
b) Second Finance Commission
c) Third Finance Commission
d) Fourth Finance Commission
4. The recommendations of the Finance Commission are primarily related to:
a) Division of taxes between the Centre and the states
b) Allocation of funds to various states and Union territories
c) Grants-in-aid to states for specific purposes
d) All of the above
5. The Finance Commission consists of a Chairman and how many other members?
a) 2 members
b) 3 members
c) 4 members
d) 5 members
