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Dividing the Nation's Revenue: The Finance Commission's Role in Vertical and Horizontal Fiscal Federalism•medium•15 questions•~12 min
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Question 01
easy
Under which Article of the Indian Constitution is the Finance Commission established?
Question 02
easy
The Finance Commission of India is described in the Constitution as which type of body?
Question 03
medium
Who prescribes the qualifications of the members of the Finance Commission?
Question 04
medium
What is the prescribed qualification for the Chairman of the Finance Commission?
Question 05
medium
Which of the following is NOT a valid qualification for the four members (other than the Chairman) of the Finance Commission?
Question 06
medium
The Finance Commission makes recommendations on sharing of central tax proceeds. Which of the following statements about this function is correct?
Question 07
medium
The function of the Finance Commission to recommend augmentation of the Consolidated Fund of states for local bodies was added through which constitutional amendments?
Question 08
medium
Which of the following most accurately describes the legal status of the Finance Commission's recommendations?
Question 09
easy
What happens after the Finance Commission submits its report to the President?
Question 10
hard
The Planning Commission was considered to have encroached on the domain of the Finance Commission in Centre-state fiscal relations. Which Finance Commission Chairman formally highlighted this overlap?
Question 11
easy
The Finance Commission is constituted by the President normally every five years. Which of the following is also constitutionally permitted?
Question 12
hard
Consider the following statements about the Finance Commission:
1. Its members are eligible for reappointment.
2. The Constitution itself specifies the qualifications for its Chairman and members.
3. It is described as a quasi-judicial body in the Constitution.
Which of the statements above are correct?
Question 13
hard
Until 1960, the Finance Commission also recommended grants to four specific states in lieu of their share in export duty on jute and jute products. Which were those four states?
Question 14
medium
The Constitution metaphorically envisages the Finance Commission as which of the following in the context of Indian federalism?
Question 15
hard
Which of the following correctly pairs a Finance Commission with its Chairman?
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