States get share of the revenue from

Asked in engg exam · Topic: Fiscal Policy & Revenue (Fiscal Federalism: Centre-state financial relations and Finance Commissions)

1. Income Tax
2. Customs Revenue
3. Excise Tax
4. Surcharge on Income Tax

More Economic Development questions

• 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.
• The Committee to suggest changes Fiscal Responsibilities and Budget Management (F.R.B.M.) is
• According to FRBM Act, India's fiscal deficit should not exceed:
• Which of the following statements is/are correct about Fiscal Responsibility and Budget Management (FRBM) 2003?
• Consider the following statements: 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023; comprising 40% for the Central Government and 20% for the State Governments. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct ?
• The Fiscal Responsibility and Budget Management Act, 2003 aims to bring down the fiscal deficit to a certain percentage of GDP. What is the target fiscal deficit as per the Act?
• The objective of the Fiscal Responsibility and Budget Management Act, 2004 is

All 3,293 Economic Development questions →