IGNOU BPAC 109 2026 - Describe the organisation and Functions of finance Commission of India

Question

Describe the organisation and Functions of finance Commission of India.

31 Jan 2026

Answer :

Word Count : 291

The Finance Commission of India is a constitutional body established under Article 280 of the Indian Constitution. Its primary purpose is to define the financial relations between the central government and the state governments. The President of India constitutes the Commission every five years or at such earlier time as deemed necessary. The Commission consists of a chairman and four other members who are appointed by the President based on their experience in public affairs, finance, administration, or economics. The main functions of the

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