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 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 : 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 : 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 : 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 : 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 : 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 : 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 : 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.
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.
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 : The term of the Finance Commission is – (1) Ten years (2) Five years (3) Six years (4) Three years
Last Answer : (2) Five years Explanation: The President appoints a finance commission every five years.
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 : Rajya Sabha can delay the Finance bill sent for its consideration by the Lok Sabha for a maximum period of - (1) One month (2) One Year (3) Seven day (4) Fourteen days
Last Answer : (4) Fourteen days Explanation: Rajya Sabha can delay the Finance Bill sent for its consideration by the Lok Sabha for a maximum period of fourteen days.
Description : If the Election Commission is satisfied that a candidate has failed to lodge an account of election expenses, within the prescribed time and in the manner, for no good reason or justification, what is the period for which the ... date of the order? (1) 2 years (2) 3 years (3) 4 years (4) 5 years
Last Answer : (2) 3 years Explanation: Under section 10A of the RP Act, 1951, if the Election Commission is satisfied that a person has failed to lodge an account of election expenses with the time and ... , a member of either House of Parliament or the Legislative Assembly or Legislative Council of a State.
Description : What is the objective advocated for appointment of the National Judicial Commission? (1) Training of the judges (2) Reforms in legal system (3) Bringing about transparency and impartiality in the appointment of judges of the highest level. (4) To examine the working period of the judges.
Last Answer : (3) Bringing about transparency and impartiality in the appointment of judges of the highest level. Explanation: The main objective advocated for appointment of the National Judicial Commission is bringing about transparency and impartiality in the appointment of judges of the highest level.
Description : Which commission made the recommendations which formed the basis for the Punjab Reorganisation Act which created the states Punjab and Haryana? (1) Dhar Commission (2) Dass Commission (3) Shah Commission (4) Mahajan Commission
Last Answer : (3) Shah Commission Explanation: Haryana state was formed on 1 November, 1966, on the recommendation of the Parliamentary Committee which was announced in the Parliament on 23 September, 1965. On ... Sangrur), Narwana (district Sangrur), Naraingarh, Ambala and Jagadhri were also to be included.
Description : The Annual Financial Statement of the Government of India in respect of each financial year shall be presented to the House on such day as the - (1) Speaker may direct (2) President of India may direct (3) Parliament may decide (4) Finance Minister may decide
Last Answer : (2) President of India may direct Explanation: According to article 112, the President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of ... the Government of India for that year, in this Part referred to as the annual financial statement.
Description : The tenure of the Chairman of the National Human Rights Commission is- (1) 3 years (2) 4 years (3) 5 years (4) 6 years
Last Answer : (3) 5 years Explanation: The National Human Rights Commission of India is an autonomous public body constituted on 12 October, 1993 under the Protection of Human Rights Ordinance of 28 September, 1993. The Chair Person and members of NHRC are appointed by the President of India.
Description : The Twentieth Law Commission was constituted through a government order with effect from 1st Sep. 2012. It has a three year term ending on 31st Aug. 2015. Who is the chairman of the commission? (1) Justice D.K. Jain (2) Justice J.S. Verma (3) Justice Markanday (4) Justice M. Mualyal
Last Answer : (1) Justice D.K. Jain Explanation: Justice D K Jain is appointed the chairman of the Twentieth Law commission.