- SFC reviews the financial position of local governments (Panchayats and Municipalities). - SFC recommends revenue distribution between the State and local governments. - SFC recommends revenue allocation among different levels of local governments (including rural and urban).
Which of the following statements about State Finance Commission is/are correct? i. This Commission examines the financial position of the local governments in the State. ii. It also reviews the distribution of revenues between the State and Local governments on the one hand and between rural and urban local governments on the other.
Asked in APPSC Group II Mains paper 1 2025 · Topic: The Finance Commission (Grants-in-aid to states (Article 275 & 282))
More Indian Polity and Governance questions
- The Constitution's 74th (seventy-fourth) Amendment -1992 provides for the setting up of a ____ once in five years, to review the financial position of the municipalities.
- Under the GST (Compensation to States) Bill, 2017, the unutilized money in the GST Compensation Fund at the end of five years would be
- The recommendations of the State Finance Commission are
- Who of the following shall cause every recommendation made by the Finance Commission to be laid by each House of Parliament?
- Which of the following parameters had the highest weightage for calculating tax devolution from Centre to States as per the recommendations of the 14th Finance Commission ?
- Which year is taken as the basis for resources for making recommendations by the 14th Finance Commission ?
- The Union of India has accepted the recommendation of the Fourteenth Finance Commission for raising the devolution of net central taxes by
- The extent of money transfer to the States out of sharable pool of Tax Collection according to, the12th Finance Commission has been fixed at