National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organization

National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organization
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(4) Central Statistical Organization Explanation: Since 1955 the national income estimates are being prepared by Central Statistical Organization. The CSO uses different methods like the Product Method, Income Method and Expenditure method for various sectors in the process of estimating the National Income.
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National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organisation

Description : National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organisation

Last Answer : Central Statistical Organisation

Who prepared the first estimate of National Income for the country? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Description : Who prepared the first estimate of National Income for the country? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Last Answer : (3) Dadabhai Naoroji Explanation: Dadabhai Naoroji prepared the first estimates of National income in 1876. He estimated the national income by first estimating the value of agricultural production ... nonagricultural production. However, such method can only been called as a non-scientific method.

Who prepared the first estimate of National Income for the country ? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Description : Who prepared the first estimate of National Income for the country ? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation 

Last Answer : Dadabhai Naoroji

Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India

Description : Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India

Last Answer : A. Central Statistical Organisation

The National Development Council includes : (1) all central Cabinet Ministers (2) Chief Ministers of all the States (3) Cabinet Ministers of all the States and the Centre. (4) Members of the Estimates Committee of the Parliament

Description : The National Development Council includes : (1) all central Cabinet Ministers (2) Chief Ministers of all the States (3) Cabinet Ministers of all the States and the Centre. (4) Members of the Estimates Committee of the Parliament

Last Answer : (2) Chief Ministers of all the States Explanation: The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on ... States or their substitutes, representatives of the union territories and the members of the Commissions.

The gradation and standardization of agricultural products are conducted through (1) Food Corporation of India (2) Directorate of Marketing and Inspection (3) Indian Standards Institution (4) Central Statistical Organization

Description : The gradation and standardization of agricultural products are conducted through (1) Food Corporation of India (2) Directorate of Marketing and Inspection (3) Indian Standards Institution (4) Central Statistical Organization

Last Answer : (2) Directorate of Marketing and Inspection Explanation: The Directorate of Marketing and Inspection (DMI) is an attached Office of the Ministry of Agriculture. It was set up in the year ... country. It is entrusted with promotion of standardization and grading of agricultural and allied produce.

The National Council on Radiation Protection and Measurements estimates that the average exposure to ionizing radiation tha individual Americans receive annually from ALL sources is about: w) 60 millirem x) 100 millirem y) 360 millirem z) 500 millirem

Description : The National Council on Radiation Protection and Measurements estimates that the average exposure to ionizing radiation tha individual Americans receive annually from ALL sources is about: w) 60 millirem x) 100 millirem y) 360 millirem z) 500 millirem

Last Answer : ANSWER: Y -- 360 MILLIREM

The “Report on Currency and Finance” for each of the financial year in India is published by : (A) Reserve Bank of India (B) Ministry of Finance (C) Planning Commission (D) Central Statistical Organization

Description : The “Report on Currency and Finance” for each of the financial year in India is published by : (A) Reserve Bank of India (B) Ministry of Finance (C) Planning Commission (D) Central Statistical Organization

Last Answer : Answer: A

Which is the highest body that approves Five Year Plans in the country? (1) Planning Committee (2) Union Cabinet (3) Parliament (4) National Development Council

Description : Which is the highest body that approves Five Year Plans in the country? (1) Planning Committee (2) Union Cabinet (3) Parliament (4) National Development Council

Last Answer : (4) National Development Council Explanation: The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in ... and non-statutory body. Its status is advisory to planning commission but not binding.

The gradation and standardisation of agricultural products are conducted through (1) Food Corporation of India (2) Directorate of Marketing and Inspection (3) Indian Standards Institution (4) Central Statistical Organisation

Description : The gradation and standardisation of agricultural products are conducted through (1) Food Corporation of India (2) Directorate of Marketing and Inspection (3) Indian Standards Institution (4) Central Statistical Organisation

Last Answer : Directorate of Marketing and Inspection

The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Description : The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Last Answer : (3) The NSSO (National Sample Survey Organization Explanation: The National Sample Survey Office (NSSO) in India is a unique setup to carry out surveys on socioeconomic, demographic, agricultural ... of India for collection of statistical data in the areas which are vital for developmental planning.

Walter Shewhart is listed among the important people of operations management because of his contributions to (a) assembly line production ; (b) measuring the productivity in the service sector (c) statistical quality control ; (d) all of the above

Description : Walter Shewhart is listed among the important people of operations management because of his contributions to (a) assembly line production ; (b) measuring the productivity in the service sector (c) statistical quality control ; (d) all of the above

Last Answer : (c) statistical quality control ;

The Parliamentary Committee which scrutinises the report of the Comptroller and Auditor General of India is – (1) Estimates Committee (2) Select Committee (3) Public Accounts Committee (4) None of these

Description : The Parliamentary Committee which scrutinises the report of the Comptroller and Auditor General of India is – (1) Estimates Committee (2) Select Committee (3) Public Accounts Committee (4) None of these

Last Answer : (3) Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the expenditure ... the course of investigation. None of the 22 members shall be a minister in the government.

Which parliamentary committee in India is normally chaired by a prominent member of the opposition? (1) Committee on Government Assurances (2) Estimates Committee (3) Privileges Committee (4) Public Accounts Committee

Description : Which parliamentary committee in India is normally chaired by a prominent member of the opposition? (1) Committee on Government Assurances (2) Estimates Committee (3) Privileges Committee (4) Public Accounts Committee

Last Answer : (4) Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the revenue and ... is selected from the opposition. Earlier, it was headed by a member of the ruling party.

The largest committee of Parliament of India is – (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Joint Parliamentary Committee

Description : The largest committee of Parliament of India is – (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Joint Parliamentary Committee

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee is the largest parliamentary committee, consisting of 30 members who are elected by the Lok Sabha every year from amongst its ... and suggests alternative policies in order to bring about efficiency and economy in administration.

The ‘Ombudsman’ in India is called as: a. Public accounts Committee b. Estimates Committee c. Election Committee d. Lokpal/Lokayukta

Description : The ‘Ombudsman’ in India is called as: a. Public accounts Committee b. Estimates Committee c. Election Committee d. Lokpal/Lokayukta

Last Answer : d. Lokpal/Lokayukta

Engel’s curve illustrates the relationship between (a) Consumption and Utility (b) Production and Productivity (c) Income and Consumption (d) Income and Production

Description : Engel’s curve illustrates the relationship between (a) Consumption and Utility (b) Production and Productivity (c) Income and Consumption (d) Income and Production

Last Answer : (c) Income and Consumption

The Comptroller and Auditor General is closely connected with which of the following Committees of Parliament? (1) The Estimates Committee (2) The Committee on Public Undertakings (3) The Public Accounts Committee (4) All of these

Description : The Comptroller and Auditor General is closely connected with which of the following Committees of Parliament? (1) The Estimates Committee (2) The Committee on Public Undertakings (3) The Public Accounts Committee (4) All of these

Last Answer : (3) The Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament for the auditing of the revenue and the expenditure of the ... after it is laid in the Parliament. CAG assists the committee during the course of investigation.

Which one of the following Committees is described as the 'twin sister' of the Estimates Committee? (1) Public Accounts Committee (2) Committee on Public Undertakings (3) Departmental Standing Committee (4) Privilege Committee

Description : Which one of the following Committees is described as the 'twin sister' of the Estimates Committee? (1) Public Accounts Committee (2) Committee on Public Undertakings (3) Departmental Standing Committee (4) Privilege Committee

Last Answer : (1) Public Accounts Committee Explanation: The Public Accounts Committee is called the twin-sister of the Estimates Committee. It is its duty to scrutinize the appropriation accounts and the report of ... the expert advice of the CAG based upon a detailed examination of the government's accounts.

Which one of the following committees does not consists of any member from the Rajya Sabha? (1) Estimates Committee (2) Public Accounts Committee (3) Public Grievance Committer (4) Committee on Public Undertakings

Description : Which one of the following committees does not consists of any member from the Rajya Sabha? (1) Estimates Committee (2) Public Accounts Committee (3) Public Grievance Committer (4) Committee on Public Undertakings

Last Answer : (1) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for election to this Committee. The term of the Committee is one year.

In which of the Parliamentary Financial Committees is the Rajya Sabha not represented? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Expenditure Committee

Description : In which of the Parliamentary Financial Committees is the Rajya Sabha not represented? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Expenditure Committee

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for election to this Committee. The term of the Committee is one year.

Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Description : Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee consists of 30 members who are elected by the Lok Sabha every year from amongst its members. A Minister is not eligible for ... effected and to suggest alternative policies in order to bring about efficiency and economy in administration.

Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Description : Which of the following Standing Committees of Parliament has no MP from Rajya Sabha? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Committee on Government Assurances

Last Answer : (2) Estimates Committee Explanation: The Estimates Committee, constituted for the first time in 1950, is a Parliamentary Committee consisting of 30 Members, elected every year by the Lok Sabha from amongst ... Minister, he ceases to he a member of the Committee from the date of such appointment.

Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Description : Which one of the following committees is NOT a Standing Committee of the Parliament? (1) Public Accounts Committee (2) Estimates Committee (3) Committee on Public Undertakings (4) Consultative Committee to the Ministry of Finance

Last Answer : (4) Consultative Committee to the Ministry of Finance Explanation: Each House of Parliament has standing committees which are permanent and regular committees and are constituted from time to ... Financial Committees, DRSCs and some other Committees come under the category of Standing Committees.

What is the Executive Committee of the National Economic Council (ECNEC) ?

Description : What is the Executive Committee of the National Economic Council (ECNEC) ?

Last Answer : The Executive Committee of the National Economic Council is the highest body for implementing the policy set by the National Economic Council ( NEC) . Final approval of projects other than foreign- ... concerned Ministries and Chief of Army Staff of ECNEC. This meeting is usually held every week.

NCW stands for a) National Council for Women b) National Committee for Women c) National Commission for Women d) National Congress for Women

Description : NCW stands for a) National Council for Women b) National Committee for Women c) National Commission for Women d) National Congress for Women  

Last Answer : c) National Commission for Women

)The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Description : )The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system Explanation: The Central Board of Direct Taxes (CBDT) ... steps to prevent generation of illicit funds through transactions in property, bullion and equity market.

The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into – (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Description : The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Practically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Description : Practically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Last Answer : C. The General Council

Theoretically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Description : Theoretically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Last Answer : D. The Ministerial Conference

WCED stands for a. World Council of Ecology and Development b. World Committee for Economic Development c. World Center for Economy and Deregulation d. World Commission on Environment and Development

Description : WCED stands for a. World Council of Ecology and Development b. World Committee for Economic Development c. World Center for Economy and Deregulation d. World Commission on Environment and Development

Last Answer : d. World Commission on Environment and Development

The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change. b. Improving agricultural productivity by providing timely advisory services to farmers to adopt best practices, technology, meet with contingencies, market information, etc. c. Notifying agricultural commodities produced in the region and providing their first sale mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Description : The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and ... mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Last Answer : a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change.

The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the a. Methods of statistical sampling to be used in confirming accounts receivable. b. Pending legal matters to be included in the inquiry of the client's attorney. c. Evidence to be gathered to provide a sufficient basis for the auditor's opinion. d. Schedules and analyses to be prepared by the client's staf

Description : The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the a. Methods of statistical sampling to be used ... for the auditor's opinion. d. Schedules and analyses to be prepared by the client's staf

Last Answer : Schedules and analyses to be prepared by the client's staf

The memorandum and statistical register (MS 14 a) are prepared by____ on the ____ and the statistical memorandum should be submitted to _____on the 10th of the each month counter signed by______ a) Postmaster, 1st of the each month, head of the circle, divisional inspector b) MO PA, 1st of the each month, head of the circle, divisional inspector c) Regn/Parcel PA, 1st of the each month, Head of the circle, postmaster d) None of these

Description : The memorandum and statistical register (MS 14 a) are prepared by____ on the ____ and the statistical memorandum should be submitted to _____on the 10th of the each month counter signed by______ a) Postmaster, ... /Parcel PA, 1st of the each month, Head of the circle, postmaster d) None of these

Last Answer : d) None of these

OECD stands for a) Outcome economy committee development. b) Organization for Economic Co-operation and Development. c) Out entry contact dossier. d) Organization for Evasive Co-operation and Development.

Description : OECD stands for a) Outcome economy committee development. b) Organization for Economic Co-operation and Development. c) Out entry contact dossier. d) Organization for Evasive Co-operation and Development. 

Last Answer : b) Organization for Economic Co-operation and Development.  

The integrated national professional organization of Certified Public Accountants accredited by the BOA and the PRC per PRC accreditation No. 15 dated October 2, 1975. a. Philippine Institute of Certified Public Accountants (PICPA) b. Auditing and Assurance Standards Council (AASC) c. Financial Reporting Standards Council (FRSC) d. Education Technical Council (ETC)

Description : The integrated national professional organization of Certified Public Accountants accredited by the BOA and the PRC per PRC accreditation No. 15 dated October 2, 1975. a. Philippine Institute of Certified ... (AASC) c. Financial Reporting Standards Council (FRSC) d. Education Technical Council (ETC)

Last Answer : Philippine Institute of Certified Public Accountants (PICPA)

Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population

Description : Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population

Last Answer : (1) Per capita monetary income Explanation: A majority of economists such as Simon Kuznets, Meter and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable ... economic growth is meaningless if it does not improve the standard of living of the common masses.

The best Index of Economic Development is provided by: (1) Growth in Percapita Real Income from year to year. (2) Growth in National Income at Current Prices. (3) Growth in savings ratio. (4) Improvement in the Balance of Payments Position.

Description : The best Index of Economic Development is provided by: (1) Growth in Percapita Real Income from year to year. (2) Growth in National Income at Current Prices. (3) Growth in savings ratio. (4) Improvement in the Balance of Payments Position.

Last Answer : (1) Growth in Percapita Real Income from year to year. Explanation: Per capita Gross National Product (GNP) is the best index of development. It can be derived by dividing the GNP of a ... its world development report 1998, classified the countries in the world on the bases of per capita GNP.

The picture above explains a. we cannot take national income as indicator for development. b. per capita income is better measure for development. c. average income hide disparities. d. none of the above

Description : The picture above explains a. we cannot take national income as indicator for development. b. per capita income is better measure for development. c. average income hide disparities. d. none of the above

Last Answer : c. average income hide disparities.

Assertion(A): High national income leads to better human Development Index Reason(R): Good health and education facilities depends on amount of money spent by govt on these facilities. a) Both A and R are true and R is the correct explanation of A. b) Both A and R are true and R is the not correct explanation of A. c) A is correct but R is wrong. d) A is wrong but R is correct.

Description : Assertion(A): High national income leads to better human Development Index Reason(R): Good health and education facilities depends on amount of money spent by govt on these facilities. a) Both A and R are true and R is ... of A. c) A is correct but R is wrong. d) A is wrong but R is correct.

Last Answer : d) A is wrong but R is correct.

The best Index of Economic Development is provided by: (1) Growth in Percapita Real Income from year to year. (2) Growth in National Income at Current Prices. (3) Growth in savings ratio. (4) Improvement in the Balance of Payments Position.

Description : The best Index of Economic Development is provided by: (1) Growth in Percapita Real Income from year to year. (2) Growth in National Income at Current Prices. (3) Growth in savings ratio. (4) Improvement in the Balance of Payments Position.

Last Answer : Growth in Percapita Real Income from year to year.

Which is the parameter for the economic development ? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population

Description : Which is the parameter for the economic development ? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population 

Last Answer : Per capita monetary income

The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Last Answer : Answer: World Bank

“The Doing Business Report” is prepared by which of the following organizations every year? A. Asian Development Bank(ADB) B. World Bank(WB) C. New Development Bank(NDB) D. World Trade Organization(WTO)

Description : “The Doing Business Report” is prepared by which of the following organizations every year? A. Asian Development Bank(ADB) B. World Bank(WB) C. New Development Bank(NDB) D. World Trade Organization(WTO)

Last Answer : B. World Bank(WB) Explanation: The Doing Business Report (DB) is a study elaborated by the World Bank Group since 2003 every year that is aimed to measure the costs to firms of ... sector development, and is claimed to have motivated the design of several regulatory reforms in developing countries.

Who was the chairman of National Income Committee? -Do You Know?

Description : Who was the chairman of National Income Committee? -Do You Know?

Last Answer : In 1949, soon after the establishment of independent India, the National Income Committee (NIC) was formed to compile statistics and estimate national income. The committee was headed by P.C. Maharanobis and included D.R. Gadgil and V.K.N.V. Rao.

Who was the chairman of National Income Committee? -Do You Know?

Description : Who was the chairman of National Income Committee? -Do You Know?

Last Answer : In 1949, soon after the establishment of independent India, the National Income Committee (NIC) was formed to compile statistics and estimate national income. The committee was headed by P.C. Maharanobis and included D.R. Gadgil and V.K.N.V. Rao.

Who was the chairman of National Income Committee?

Description : Who was the chairman of National Income Committee?

Last Answer : P. C. Mahalanobis

Who was the chairman of National Income Committee?

Description : Who was the chairman of National Income Committee?

Last Answer : P. C. Mahalanobis

Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Description : Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the consolidated fund of India? (1) Finance Commission (2) Inter-State-Council (3) Union Ministry of Finance (4) Public Accounts Committee

Last Answer : (1) Finance Commission Explanation: Finance commission recommends the president on the principle that should govern the grants-in-aid to the states by the centre.

Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Description : Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

Last Answer : (3) Finance Commission Explanation: The Finance Commission makes recommendations to the President regarding the principles governing the grants-in-aid of the revenues of 'the States out of the Consolidated ... for purposes other than those specified in the provisos to clause (1) of that article.