Statement C is correct: A core responsibility of the Finance Commission is to evaluate the state of finances of the Union and State Governments and recommend the distribution of tax revenues. Statement B is incorrect: The 14th Finance Commission was set up in 2013 under the chairmanship of Dr. Y. V. Reddy and its recommendations covered the period 2015-2020. The 15th Finance Commission was set up in November 2017 under the chairmanship of N. K. Singh, and its recommendations cover the period 2020-2025. The introduction of GST happened in July 2017, which was against the backdrop of the setting up of the 15th, not the 14th, Finance Commission. 22. Article 280 of the Indian Constitution lays down the establishment of the

Asked in WBPSC CS Prelims 2019 · Topic: The Finance Commission (Constitutional provisions (Article 280))

1. Planning Commission
2. Inter-State Council
3. River Waters Tribunal
4. Finance Commission

More Indian Polity and Governance questions

• Which one of the following statements about a State Finance Commission is true?
• The State Finance Commission is a
• Finance Commission is constituted after every
• The Finance Commission is constituted for a period of
• In India the Finance Commission is constituted for
• The Finance Commission is appointed after every:
• Finance Commission is appointed for a term of
• Under which Article of the Constitution of India is the Finance Commission appointed by President of India?

All 7,826 Indian Polity and Governance questions →