- Finance Commission advises on Union-State financial relations. - Key functions include recommending tax sharing and grants-in-aid. - Maintaining macroeconomic stability is the role of RBI and the government.
Find the odd one in the following list:
Asked in WBCS Main Paper 5 2022 · Topic: Fiscal Policy & Revenue (Fiscal Federalism: Centre-state financial relations and Finance Commissions)
Show answer
Answer: C. It maintains macroeconomic stability.
More Economic Development questions
- The Union Government has accepted the recommendations made by the Fifteenth Finance Commission (XV-FC) in its Report for the award period 2021-22 to 2025-26 relating to the grants-in-aid to the States amounting to
- Which state has topped the ranking in the Fiscal Health Index-2025 of NITI Aayog for the financial year 2022-23 ?
- Who was appointed as Chairman of 15th Finance Commission of India ?
- Which one of the following criteria has been assigned 7.5 percent weight by the Fourteenth Finance Commission of India for tax sharing with the states?
- Recommendations of 15th Finance Commission are for which of the following periods?
- States get share of the revenue from
- Eminent economist Arvind Panagariya, the first Vice Chairman of NITI Aayog, has been appointed in which of the following Constitution designated bodies?
- Statement I: The overall fiscal deficit of the States in India during 2017-2018 stayed above the FRBM threshold level of 3 percent for the third successive year. Statement II: Special Category States had run up a higher level of fiscal deficit in 2017-2018 compared to 2016-2017.