Which of the following statements are correct regarding Finance Commission in India ?
(a) Finance commission is constituted under Article 275 of the Constitution.
(b) The provision for Grants-in-aids to the states are provided for under Article 280.
Which of the above statement(s) is/are correct. Choose the correct answer from the codes given below :
1
Only (a)
2
Only (b)
3
Both (a) and (b)
4
Neither (a) nor (b)