Step 1: Understanding the Concept:
The question asks to identify the group of Articles in the Constitution of India that deals with the financial relations between the Union (Centre) and the States.
Step 2: Key Legal Provision:
Part XII of the Constitution of India is titled "Finance, Property, Contracts and Suits."
Step 3: Detailed Explanation:
The relations between the Centre and the States are divided into three categories: Legislative, Administrative, and Financial.
- Legislative Relations are covered in Chapter I of Part XI, from Articles 245 to 255. So, option (A) is incorrect.
- Administrative Relations are covered in Chapter II of Part XI, from Articles 256 to 263. So, option (B) is incorrect.
- Financial Relations are laid down in Chapter I of Part XII, from Articles 264 to 293. This part deals with the distribution of revenues, taxes levied and collected by the Union but assigned to the States, grants-in-aid, the Finance Commission (Article 280), borrowing powers, etc. So, option (C) is correct.
Step 4: Final Answer:
The financial relations between the Centre and the States are defined in the Constitution between Articles 264 to 293.
Match List-I with List-II 