The _______ is/are constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.
Finance Commission
The correct answer is option 3. The Finance Commission is constituted under article 280 of the Constitution to make recommendations on the distribution of tax revenues between the Union and the States and amongst the States themselves.
Similar Questions
The 14th Finance Commission has recommended increase in States' share in net proceeds from tax collection from 32% to?
Fiscal policy in India is formulated by?
The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 was enacted by the Parliament in ____.
The government of India has targeted revenue deficit for the financial year 2019-20 to be ____ % of GDP.
The Interim Budget 2019-20 has pegged the fiscal deficit for the year 2019-20 at ___% of GDP.
Which one of the following is a function of Finance Commission of India?
Which of the following grants are provided from the center's resources over the 2021-26 period?
i) Grants to local bodies
ii) Disaster risk management funds
iii) Sector specific grants
iv) Revenue deficit grants
Jammu and Kashmir FRBM Act, 2006 has been passed as per the recommendation of ______
Which of the given options is INCORRECT in the context of fiscal deficit?
When the number of poor is estimated as the proportion of people below the poverty line, it is known as ______.
Important Questions from Fiscal Policy
Consider the following statements:
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.
Which of the statements given above is/are correct?
Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
Which one of the following statements appropriately describes the "fiscal stimulus"?
The authorization for the withdrawal of funds from the Consolidated Fund of India must come from
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
