Which body is constituted by the President of India to advise on the decision of Central Resources between the centre and the state ?

Options

A. Tariff Commission
B. Finance Commission
C. Planning Commission
D. Taxation Enquiry Commission

Answer

B

Explanation

The Finance Commission of India is established under Article 280 of the Indian Constitution by the President of India to define the financial relations between the center and the state. It is responsible for the distribution of net proceeds of taxes between Center and the States, to be divided as per their respective contributions to the taxes.