When was the First Finance Commission was constituted vide Presidential Order dated

Q. When was the First Finance Commission was constituted vide Presidential Order dated

A

22/11/1951

B

22/11/1955

C

22/11/1957

D

22/11/1959

Solution:

The First Finance Commission (IAST: Vitta Ayoga) was established by the President of India in 1951 under Article 280 of the Indian Constitution.
The Finance Commissions are commissions periodically constituted by the President of India under Article 280 of the Indian Constitution.
To define the financial relations between the central government of India and the individual state governments.
Fifteen Finance Commissions have been constituted since the promulgation of Indian Constitution in 1950.

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