The Finance Commission does all the following functions except one, which is that?
A) works out allocation of taxes in the divisible pool
B) looks into financial relations between the centre and the states
C) allocates grants ? in - aid to the states and union territories
D) assist the planning commission in making 5 year plans.
Correct Answer:
Verified
Q51: The Finance Commission is appointed in every
A)3
Q52: The maximum effect of direct taxes is
Q53: The Wanchoo Committee (1971) probed into
A)direct taxes
B)indirect
Q54: Modvat means
A)modified value added tax
B)moderate value added
Q55: The revenue of the State Government is
Q57: Primary deficit means:
A)fiscal deficit? interest
B)revenue deficit?interest payments
C)fiscal
Q58: Non?Plan Grants are determined by
A)planning commission
B)finance commission
C)central
Q59: Public Debt Management refers to
A)terms of new
Q60: Public Expenditure increases
A)interest rate
B)employment
C)exports
D)imports
Q61: Central Assistance for State and UT plan
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