The Finance Commission is a constitutional body. Its recommendations are crucial for fiscal federalism in India. While the Parliament ultimately enacts the laws for tax distribution, the Finance Commission's recommendations form the basis of these decisions.
Distribution of Taxes between Centre and States in India is done by the :
Asked in RO ARO pre 2023 · Topic: The Finance Commission (Core functions: Vertical and horizontal devolution of taxes)
More Indian Polity and Governance questions
- Which is/are correct with regard to Finance Act in India?
- The Principal source of a State Govt's revenue is:
- Which of the following is not shared by the Centre and the States?
- Which authority recently ruled that flavoured milk is 'beverage containing milk' and will attract 12% GST?
- Match the following: List I List II a. 10th Finance Commis‐ I. C. Rangarajan sion b. 11th Finance Commis‐ II. K.C. Pant sion c. 12th Finance Commis‐ III. Vijay L. sion Kelkar d. 13th Finance Commis‐ IV. A.M. Khusro sion Choose the correct answer using the codes given below:
- Who among the following was the Chairman of the First Finance Commission of India?
- The commission was headed by K. C. Neogy. 58. How many Finance Commissions have submitted Reports so far?
- Match List – I with List – II and choose the correct answer using the code given below the lists. List – I (Finance Commission) A. Eleventh B. Twelfth C. Thirteenth D. Fourteenth List – II (Chairman) 1. Dr. C. Rangarajan 2. Dr. Y. V. Reddy 3. Prof. A. M. Khusro 4. Dr. Vijay L. Kelkar Code : A B C D (a) 3 1 4 2 (b) 3 2 1 4 (c) 2 3 4 1 (d) 1 3 2 4
