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

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
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(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 address them through the transfer of resources from the Centre to the States. Statutory grants-in-aid of the revenues of States are dealt in Article 275 of the Constitution. It is done on the basis of recommendation of the Finance Commission of India. Such grants are given to bring uniform level of economic prosperity among different states. They have to bring about uniform income and services and economic integration among the states.
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Who of the following enjoys the rank of Cabinet Minister in Union Cabinet? (1) Judge of Supreme Court (2) Secretary to Government of India (3) Political Advisor to PM (4) Deputy Chairman of Planning Commission

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Last Answer : b) Planning Commission

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

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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.