Finance Commission consists of howmany members? —

1 Answer

Answer :

A Chairman and three other
members

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Description : The Finance Commission is mainly concerned with recommending to the President about – (1) distributing net proceeds of taxes between the Centre and the States (2) principles Governing the grantsin-aid to be given to States (3) both (1) and (2) (4) neither (1) and (2)

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Description : Financial distribution between the Union and the State takes place on the basis of the recommendations of which one of the following? (1) The National Development Council (2) The Inter-State Council (3) The Planning Commission (4) The Finance Commission

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Description : Recommendations to the President of India on the specific Union state fiscal relation are made by the- (1) Finance Minister (2) Reserve Bank of India (3) Planning Commission (4) Finance Commission

Last Answer : (4) Finance Commission Explanation: The finance commission made recommendations to the president of India on the specific union state fiscal relation.