Question : The Governor of a State shall, after every ________ year, constitute a finance commission under Article 243 I of the Indian Constitution.
Option 1: ten
Option 2: three
Option 3: five
Option 4: six
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Correct Answer: five
Solution : The correct answer is five .
The Governor of a State shall, after every five years, constitute a finance commission under Article 243 I of the Indian Constitution. This commission is tasked with reviewing the financial position of the Panchayats and municipalities in the state, as well as making recommendations regarding the distribution of financial resources between the state government and these local bodies.
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