Economic and Social Development | Finance Commission
Economic and Social Development | Finance Commission
1. According to the Tenth Finance Commission the share of resources to be transferred to states from the divisible pool will be
29%
42%
47.5%
25%
Correct Answer
Wrong Answer
2. The Finance Commission is primarily concerned with recommending to the President about
the principle government grants- in-aid to be given to the states
distributing the net proceeds of the taxes between the centre and the states
Neither (A) nor (B)
Both (A) and (B)
Correct Answer
Wrong Answer
3. The distribution of finance between centre and states is done on the recommendation of
Finance Ministry
Finance Commission
Reserve Bank of India
NABARD
Correct Answer
Wrong Answer
4. According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be
32%
35%
40%
42%
Correct Answer
Wrong Answer
5. With reference to the Finance Commission of India, which of the following statement is correct?
It encourage the inflow of foreign capital for infrastructure development
It facilitates the proper distribution of finances among the public sector undertakings
It ensures transparency in financial administration
None of the statements (A), (B) and (C) given is correct in this context
Correct Answer
Wrong Answer
6. The Finance Commission is constituted for a period of
4 years
5 years
7 years
10 years
