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)

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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(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 and also the allocation of the same amongst the States themselves. It is also under the ambit of the Finance Commission to define the financial relations between the Union and the States. They also deal with devolution of non-plan revenue resources.
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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.

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.

What is the implication of the Central Government granting "Special Status" to a State? (1) Substantially large percentage of the central assistance will be as grantsin-aid (2) The extent of loan as a percentage of total assistance will be low (3) Current account budgetary deficit will be bridged by the Central Government (4) Both (1) and (2) above

Description : What is the implication of the Central Government granting "Special Status" to a State? (1) Substantially large percentage of the central assistance will be as grantsin-aid (2) The extent of loan as a ... account budgetary deficit will be bridged by the Central Government (4) Both (1) and (2) above

Last Answer : (4) Both (1) and (2) above Explanation: The Special category states category is meant for a specific category such as a hilly terrain and geographically difficult area where supply of public services is ... -special ones get 70 per cent of the resources as loan and remaining 30 per cent as grant.

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : (4) Taxes on Advertisement Explanation: Apart from taxes levied and collected by the States, the Constitution has provided for the revenues for certain taxes on the Union List to be allotted ... exchanges and future markets; and Taxes on sale and purchase of newspapers and advertisements therein.

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : Taxes on Advertisement

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

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.

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.

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.

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

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.

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 of parliament is not in session. (3) The minimum age prescribed for appointment as a judge of the Supreme Court is 40 years. (4) NDC is constituted of Union Finance Minister and the Chief Ministers of all the states.

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.

Which one of the following statements is not correct? (1) Indian Parliament is supreme. (2) The Supreme Court of India has the power of judicial review. (3) There is a division of powers between the Centre and the States. (4) There is a Council of Ministers to aid and advise the President.

Description : Which one of the following statements is not correct? (1) Indian Parliament is supreme. (2) The Supreme Court of India has the power of judicial review. (3) There is a division of powers between the Centre and the States. (4) There is a Council of Ministers to aid and advise the President.

Last Answer : (1) Indian Parliament is supreme Explanation: Though the Parliament of India is the supreme legislative body of the Republic of India, the legislation passed by parliament may be challenged in Supreme Court. The ... houses: the Rajya Sabha (Council of States) and the Lok Sabha (House of the People).

Sarkaria Commission was concerned with – (1) Administrative Reforms (2) Electoral Reforms (3) Financial Reforms (4) Centre-State relations

Description : Sarkaria Commission was concerned with – (1) Administrative Reforms (2) Electoral Reforms (3) Financial Reforms (4) Centre-State relations

Last Answer : (4) Centre-State relations Explanation: In the wake of the increasing strain in the Centre-State relations, the Parliament, in June 1983, appointed a Commission under the Chairmanship of Justice R.S. ... , to relax its financial hold over the States and to give them more autonomy in this regard.

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

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.

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

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.

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

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.

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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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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

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A Sitting Judge of the High Court or a Sitting District Judge can be appointed as a member of the State Human Rights Commission after consultation with - (1) the Governor (2) the Chief Justice of the High Court of the concerned State (3) the Chief Justice of the Supreme Court of India (4) the President

Description : A Sitting Judge of the High Court or a Sitting District Judge can be appointed as a member of the State Human Rights Commission after consultation with - (1) the Governor (2) the Chief Justice of the ... of the concerned State (3) the Chief Justice of the Supreme Court of India (4) the President

Last Answer : (2) the Chief Justice of the High Court of the concerned State Explanation: A sitting judge of the High Court or a Sitting District Judge can be appointed as a member of the State Human Rights Commission after consultation with the Chief Justice of the High Court of the concerned State.

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

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.

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

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.

The recommendations of Sarkaria Commission relate to which of the following? (1) Distribution of revenue (2) Power and functions of the President (3) Membership of Parliament (4) Centre-State relations

Description : The recommendations of Sarkaria Commission relate to which of the following? (1) Distribution of revenue (2) Power and functions of the President (3) Membership of Parliament (4) Centre-State relations

Last Answer : (4) Centre-State relations Explanation: Sarkaria Commission was set up in June 1983 by the central government of India. The Sarkaria Commission's charter was to examine the relationship and ... and central governments in the country and suggest changes within the framework of Constitution of India.

Which one of the following Directive principles is nearer to Gandhi's philosophy? (1) Equal pay for equal work (2) Separation of executive from judiciary (3) Strengthening of Gram Panchayats (4) Equal justice and free legal aid

Description : Which one of the following Directive principles is nearer to Gandhi's philosophy? (1) Equal pay for equal work (2) Separation of executive from judiciary (3) Strengthening of Gram Panchayats (4) Equal justice and free legal aid

Last Answer : (3) Strengthening of Gram Panchayats Explanation: Gandhi's philosophy was about strengthening of Gram Panchayats.

If a budget is defeated in the legislature of a state then – (1) The Finance Minister alone has to resign (2) The Finance Minister concerned has to be suspended (3) The council of Ministers along with the Chief Minister has to resign (4) Reelection have to be ordered

Description : If a budget is defeated in the legislature of a state then – (1) The Finance Minister alone has to resign (2) The Finance Minister concerned has to be suspended (3) The council of Ministers along with the Chief Minister has to resign (4) Reelection have to be ordered

Last Answer : (3) The council of Ministers along with the Chief Minister has to resign Explanation: If the state legislature refuses to pass annual budget, then it will mean the government of the day has lost ... . In such a scenario, the council of ministers along with the Chief Minister has to resign.

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

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.

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

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.

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

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.

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

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).

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

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.

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

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).

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

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.

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

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.

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

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.

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

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.

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

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

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.