The term of the Finance Commission is – (1) Ten years (2) Five years (3) Six years (4) Three years

1 Answer

Answer :

(2) Five years Explanation: The President appoints a finance commission every five years.

Related questions

Description : The term of office of members of the National Human Rights Commission from the date on which he/she enters upon his /her office is - (1) five years or till the age of 65 years (2) five years or till the age ... years (3) six years or till the age of 65 years (4) six years or till the age of 70 years

Last Answer : (2) five years or till the age of 70 years Explanation: The Chairperson and the members of the NHRC have tenure of five years. But if any member attains the age of 70 years before the completion of his tenure, he or she has to retire from the membership.

Description : Who constitutes the Finance Commission after every five years? (1) The Council of Ministers (2) The Parliament (3) The President (4) The Comptroller and Auditor General

Last Answer : (3) The President Explanation: Article 280 of the Indian Constitution deals with the Finance Commission. The Finance Commission of India came into existence in 1951. It was established under Article 280 ... of India. It was formed to define the financial relations between the centre and the state.

Description : Finance Commission is constituted – (1) every year (2) once in four years (3) once in two years (4) once in five years

Last Answer : (4) once in five years Explanation: The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. The ... , the commission is appointed every five years and consists of a chairman and four other members.

Description : The Finance Commission – (1) draws up Five Year Plans (2) formulates Monetary Policy (3) recommends pay revision of Central Government Employees (4) adjudicates on the sharing of resources between Centre and the States

Last Answer : (4) adjudicates on the sharing of resources between Centre and the States Explanation: Functions of the Finance Commission can ne explicitly stated as : (1) Distribution of net procee of taxes ... of the States so as to provide additional resources to Panchayats and Municipalities in the state.

Description : What is the term of a Member of the Rajya Sabha? (1) Three years (2) Four years (3) Five years (4) Six years

Last Answer : (4) Six years Explanation: The Rajya Sabha is a permanent body and is not subject to dissolution. However, one third of the members retire every second year, and are replaced by newly elected members. Each member is elected for a term of six years.

Description : With reference to India polity, which one of the following statements is correct? (1) Planning commission is accountable to parliament. (2) President can make ordinance only when either of the two houses ... (4) NDC is constituted of Union Finance Minister and the Chief Ministers of all the states.

Last Answer : (2) President can make ordinance only when either of the two houses of parliament is not in session. Explanation: President can promulgate ordinances when the parliament is not in session. ... take immediate action, he may promulgate such Ordinance as the circumstances appear to him to require.

Description : For which peroid the Finance Commission is formed? (1) 2 years (2) Every year (3) 5 years (4) According to the wishes of President

Last Answer : (3) 5 years Explanation: The Finance Commission of India is established under Article 280 of the Indian Constitution by the President of India to define the financial relations between the centre ... Finance Commissions have submilled their reports. 14th Finance Commission headed by Prof. Y V Reddy.

Description : Finance Commission is appointed by the President of India after every – (1) 5 years (2) 6 years (3) 4 years (4) None of these

Last Answer : (1) 5 years Explanation: Under the provision of Article 280 of the Constitution, the President appoints a Finance Commission for a period of five years for the specific purpose of devolution of nonplan revenue resources.

Description : The Members of Rajya Sabha are elected for a term of – (1) Two years (2) Four years (3) Six years (4) Five years

Last Answer : (3) Six years Explanation: Rajya Sabha is a permanent House and is not subject to dissolution. However, one-third Members of Rajya Sabha retire after every second year. A member who is elected for a full term serves for a period of six years.

Description : The members of the Rajya Sabha are elected for a term of: (1) Two years (2) Four years (3) Five Years (4) Six Years

Last Answer : (4) Six Years Explanation: Rajya Sabha is a permanent House and is not subject to dissolution. However, one-third Members of Rajya Sabha retire after every second year. A member who is elected for a full term serves for a period of six years.

Description : The term of member of Rajya Sabha is (1) Five years (2) Six years (3) The same as that of Lok Sabha (4) Two years

Last Answer : (2) Six years Explanation: According to Section 154 of the Representation of the People Act 1951, a Member elected to the Rajya Sabha will hold office for a period of 6 years. A member chosen to ... the remainder of his predecessor's term of office. One third of the members retire every two years.

Description : Which one of the following is not a Constitutional Body? (1) Election Commission (2) Finance Commission (3) Union Public Service Commission (4) Planning Commission

Last Answer : (4) Planning Commission Explanation: The Planning Commission is a non-constitutional and non-statutory body and is responsible to formulate five years plan for social and economic development in India.

Description : Which among the following functions as a coordinate between the Planning Commission and State Governments? (1) National Integration Council (2) Finance Commission (3) National Development Council (4) None of the above

Last Answer : (3) National Development Council Explanation: National Development Council co-ordinates between Union government, the PlanningCommission and the State governments.

Description : Chief Ministers of States are members of (1) NM Commission (Aayog) (2) Finance Commission (3) National Development Council (4) Election Commission

Last Answer : (3) National Development Council Explanation: The National Development Council (NDC) comprises the Prime Minister, the Union Cabinet Ministers, Chief Ministers of all states, representatives of the Union ... It is the apex body for decision making and deliberations on development matters in India.

Description : The salaries and emoluments of the judges of the Supreme Court are charged on (1) The Reserve Bank of India (2) The Contingency Fund of India (3) The Consolidated Fund of India (4) The Finance Commission

Last Answer : (3) The Consolidated Fund of India Explanation: Article 101 deals with remuneration of Judges of the Supreme Court. It states that the salaries payable to the Judges of the Supreme Court under this ... and pension payable to or in respect of the Comptroller and Auditor General of India; etc.

Description : Which of the following is an extraconstitutional agency? (1) Union Public Service Commission (2) Finance Commission (3) Election Commission (4) NITI Ayog

Last Answer : (4) NITI Ayog Explanation: Extra constitutional bodies or Non-constitutional bodies derive their authority by a law created by the parliament, an ordinance promulgated by the president or an executive order. ... them. Example: Planning commission (now replaced by MT' Aayog), UIDAI (Aadhar card).

Description : Which one of the following appointments is not within the purview of the President of India? (1) Chief Justrice of India (2) Chairman, Finance Commission (3) Chief of Army Staff (4) Speaker of Lok Sabha

Last Answer : (4) Speaker of Lok Sabha Explanation: The speaker is elected in the very first meeting of the Lok Sabha after the general elections for a term of 5 years from amongst the members of the Lok Sabha.

Description : Which one of the following is not a constitutional body? (1) Election Commission (2) Finance Commission (3) Planning Commission (4) Union Public Service Commission

Last Answer : (3) Planning Commission Explanation: After India gained independence, a formal model of planning was adopted, and accordingly the Planning Commission, reporting directly to the Prime Minister of India was ... from either the Constitution or statute, but is an arm of the Central/Union Government.

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.

Description : The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.

Last Answer : (3) Advise the president on financial matters. Explanation: The finance commission can only advise the president on financial matters such as distribution of the net proceeds of taxes between the Union and the states.

Description : Which of the following is not a Constitutional body? (1) Union Public Service Commission (2) State Public Service Commission (3) Finance Commission (4) Planning Commission

Last Answer : (4) Planning Commission Explanation: Planning Commission was an Executive body (created by an Executive order and the rest are constitutional bodies created by the provisions of Constitution).

Description : Which of the follwoing is an extraconstitutional and non-statutory body? (1) Finance Commission (2) Planning Commission (3) Union Public Service Commission (4) Election Commission

Last Answer : (2) Planning Commission Explanation: The Planning Commission does not derive its creation from either the Constitution ot statute, but is an arm of the Central/Union Government.

Description : Only one of the following can be the exofficio Chairman of the Planning Commission. He is the – (1) Minister for Planning and Development (2) Home Minister (3) Prime Minister (4) Finance Minister

Last Answer : (3) Prime Minister Explanation: The composition of the Commission has undergone a lot of change since its inception. With the Prime Minister as the exofficio Chairman, the commission has a ... full Cabinet Minister. Mr. Montek Singh Ahluwalia is presently the Depuly Chairman of the Commission.

Description : Resources transferred from the Government of India to States are termed `statutory' if they are made (1) in the form of loans (2) on the recommendations of the Planning Commission (3) on the recommendations of the Finance Commission (4) in the form of grants

Last Answer : (3) on the recommendations of the Finance Commission Explanation: in an explicit recognition of vertical and horizontal imbalances, the Indian Constitution embodies enabling and mandatory provisions to ... have to bring about uniform income and services and economic integration among the states.

Description : Which of the following is not a constitutional authority? (1) State Election Commission (2) State Finance Commission (3) Zila Panchayat (4) State Electoral Officer

Last Answer : (4) State Electoral Officer Explanation: State Electoral officer is not a constitutional authority.

Description : Which of the following is not a Constitutional Body? (1) Election Commission (2) Finance Commission (3) Union Public Service Commission (4) Planning Commission

Last Answer : (4) Planning Commission Explanation: The Planning Commission does not derive its creation from either the Constitution or statute, but is an arm of the Central/Union Government.

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)

Last Answer : (3) both (1) and (2) Explanation: The Finance Commission is constituted to make recommendations to the President about the distribution of the net proceeds of taxes between the Union and States ... between the Union and the States. They also deal with devolution of non-plan revenue resources.

Description : Which among the following was NOT constituted as per mandate of Constitution of India? (1) Election Commission (2) NITI Aayog (3) Finance Commission (4) Inter State Council

Last Answer : (2) NITI Aayog

Description : Under which one of the following Articles is the formation of Finance Commission laid down? (1) Article 280 (2) Article 269 (3) Article 268 (4) Article 265

Last Answer : (1) Article 280 Explanation: The First Finance Commission was established by the President of India in 1951. According to 280th article the President of India appoints finance commission once for every five years.

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

Last Answer : (4) The Finance Commission Explanation: The Finance Commission is 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.

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.

Description : Who is the Chairman of Planning Commission? (1) President (2) Prime Minister (3) Finance Minister (4) Vice-President

Last Answer : (2) Prime Minister Explanation: The Prime Minister of India is the Chairman of the Planning Commission of India which is neither a constitutional nor statutory body.

Description : Which one of the following Commissions is not provided in the Constitution of India? (1) Planning Commission (2) UPSC (3) Finance Commission (4) Election Commission

Last Answer : (1) Planning Commission Explanation: The Planning Commission was set up by a Resolution of the Government of India in March 1950. It is not provided in the constitution of India.

Description : The Chairman of the Finance Commission is appointed by – (1) The President (2) The Prime Minister (3) The Cabinet (4) The Parliament

Last Answer : (1) The President Explanation: As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members appointed by the President of India.

Description : Which among the following is a constitutional body as per the Indian Constitution? (1) Finance Commission (2) National Development Council (3) Planning Commission (4) None of the above

Last Answer : (1) Finance Commission Explanation: Finance Commission is constituted to define financial relations between the Centre and the States. Under the provision of Article 280 of the constitution of India, the ... of non-plan revenue resources. YV Reddy is the chairman of the 14th Finance commission.

Description : Who appoints the Finance Commission? (1) Finance Minister (2) Prime Minister (3) Speaker of the Lok Sabha (4) President

Last Answer : (4) Explanation: The President appoints a finance commission every five years. The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.

Description : The Finance Commission in India is appointed by – (1) Prime Minister of India (2) President of India (3) Chairman of Rajya Sabha (4) Speaker of Lok Sabha

Last Answer : (2) President of India Explanation: The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.

Description : For which period the Finance Commission is formed? (1) 3 year (2) 4 year (3) 5 year (4) 6 year

Last Answer : (3) 5 year Explanation: As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members. Till date, Thirteen Finance Commissions have submitted their reports.

Description : The deciding authority of States share in central taxes is the – (1) Finance Commission (2) Planning Commission (3) Election Commission (4) Finance Minister

Last Answer : (1) Finance Commission Explanation: Functions of the Finance Commission can be explicitly stated as: distribution of net proceeds of taxes between Centre and the States, to be divided as per their ... of the States so as to provide additional resources to Panchayats and Municipalities in the state.

Description : The salaries and allowances payable to the Members of the Parliament are decided by the – (1) President (2) Cabinet (3) Parliament (4) Finance Commission

Last Answer : (3) Parliament Explanation: After election to Parliament, the members become entitled to certain amenities. These amenities are provided to members with a view to enable them to function effectively as ... , Allowances and Pension of Members of Parliament Act, 1954 and the rules made there under.

Description : The authority which is not established by the constitutional provisions is– (1) Finance Commission (2) Planning Commission (3) UPSC (4) Election Commission

Last Answer : (2) Planning Commission Explanation: The Planning Commission does not derive its creation from either the Constitution or statute, but is an arm of the Central/Union Government.

Description : The 73rd Constitutional amendment act is related to : (1) Foreign Exchange (2) Finance Commission (3) Panchayat Raj (4) RBI

Last Answer : (3) Panchayat Raj Explanation: The Constitution (Seventy-third Amendment) Act, 1992 is related to Panchayati Raj in India. It added Part IX of the Constitution of India, related to Panchayats ... on which the Panchayats may be devolved with powers and responsibility by the State Legislatures by law.

Description : Which of the following is not provided in the constitution? (1) Election Commission (2) Finance Commission (3) Public Service Commission (4) Planning Commission

Last Answer : (4) Planning Commission Explanation: The Planning Commission was an extra constitutional body that was not defined in Constitution of India. It was established in March 1950 by an executive resolution of ... of the Advisory Planning Board constituted in 1946, under the chairman of K C Neogi.

Description : Who is the Chairman of Planning Commission? (1) President (2) Prime Minister (3) Finance Minister (4) Vice-President

Last Answer : (2) Prime Minister Explanation: The Planning Commission was set up by a Resolution of the Government of India in March 1950. The Prime Minister is the Chairman of the Planning Commission, ... of Five Year Plans, Annual Plans, State Plans, Monitoring Plan Programmes, Projects and Schemes.

Description : Under which one of the following Articles is the formation of Finance Commission laid down? (1) Article 280 (2) Article 269 (3) Article 268 (4) Article 265

Last Answer : (1) Article 280 Explanation: The Finance Commission is a constitutional body which was created by the President of India in 1950 under Article 280 of the Constitution of India. It is ... years. It is formed to define financial relations between the central government and the state governments.

Description : The Finance Commission is – (1) a permanent body (2) an annual body (3) a triennial body (4) a quinquennial body

Last Answer : (4) a quinquennial body Explanation: The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. ... commission is appointed every five years and consists of a chairman and four other niembers.

Description : Which is an extra-Constitutional body? (1) Language Commission (2) Planning Commission (3) Election Commission (4) Finance Commission

Last Answer : (2) Planning Commission Explanation: An extra-const it utional agency or department is not specifically provided for by the Constitution, but one that nevertheless exists and has been held to be ... creation from either the Constitution or statute, but is an arm of the Central/Union Government.

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.

Description : Which one of the following criteria is not required to be qualified for appointment as Judge of the Supreme Court? (1) At least five years as a Judge of a High Court (2) At least ten ... the opinion of the President, a distinguished Jurist (4) At least twenty years as a Sub Judicial Magistrate

Last Answer : (4) At least twenty years as a SubJudicial Magistrate Explanation: Eligibility of a judge of the Supreme Court a judge of one high court or more (continuously), for at least five years, or. an ... opinion of the president, power conferred by clause (2) of article 124 of the Constitution of India.

Description : Who prepares the five years plan? a) Finance Commission b) Planning Commission c) Government Of India d) None of the above

Last Answer : b) Planning Commission