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

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
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(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 between Centre and the States, to be dividec as per their respective contributions to the taxes, (2) Determine factors governing Grants-in Aid to the states and the magnitude of the same; and (3) Wor with the State Finance Commissions and suggest measures to at the Consolidated Fund of the States so as to provide additional resources to Panchayats and Municipalities in the state.
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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.

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 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)

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.

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.

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 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.

Sarkaria Commission was constituted to give its report on – (1) New pay scales for the government servants (2) Centre-State relations (3) Ram Janmabhomi - Bahr" Masjid dispute (4) (4) Kaveri dispute

Description : Sarkaria Commission was constituted to give its report on – (1) New pay scales for the government servants (2) Centre-State relations (3) Ram Janmabhomi - Bahr" Masjid dispute (4) (4) Kaveri dispute

Last Answer : (2) 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.

The policy that deals with the tax and expenditure policies of the Government is called – (1) Monetary Policy (2) Fiscal Policy (3) Credit Policy (4) Budgetary Policy

Description : The policy that deals with the tax and expenditure policies of the Government is called – (1) Monetary Policy (2) Fiscal Policy (3) Credit Policy (4) Budgetary Policy

Last Answer : (2) Fiscal Policy Explanation: In economics and political science, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The ... are government taxation and changes in the level and composition of taxation and government spending.

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.

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

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.

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.

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 of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Description : Which of the following statements is not correct in relation to Dr. Manmohan Singh? (1) Former Finance Minister (2) Former Governor of RBI (3) Former Representative of India in International Monetary Fund (4) Member of Rajya Sabha

Last Answer : (3) Former Representative of India in International Monetary Fund Explanation: Dr. Manmohan Singh Rajya Sabha MP and was former finance minister, former governor of RBI.

Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Description : The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Last Answer : (3) Reserve Bank of India Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Description : Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Last Answer : B. Credit and Monetary Policy of RBI Explanation: Credit and Monetary Policy of RBI is known as Annual Policy Statement.

The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Description : The monetary policy is India is formulated by (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India 

Last Answer :  Reserve Bank of India

Which one of the following is not a function of the central bank in an economy ? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker’s bank

Description : Which one of the following is not a function of the central bank in an economy ? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker’s bank

Last Answer : Controlling government spending

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.

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.

The following is NOT a benefit of Strategic ManagementA. Resistance to change is reducedB. Reduces gaps/overlaps in activities among employees C. All of these options are correctD. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

Who prepares the Five Year Plan? (i) Finance Commission (ii) Planning Commission (iii) Government of India (iv) None of the above

Description : Who prepares the Five Year Plan? (i) Finance Commission (ii) Planning Commission (iii) Government of India (iv) None of the above

Last Answer : (ii) Planning Commission

A writ of Mandamus can be issued by the Supreme Court to – (1) an official to perform public duty (2) the Prime Minister to dissolve the Cabinet (3) the company to raise wages (4) the Government to pay the salaries to employees

Description : A writ of Mandamus can be issued by the Supreme Court to – (1) an official to perform public duty (2) the Prime Minister to dissolve the Cabinet (3) the company to raise wages (4) the Government to pay the salaries to employees

Last Answer : (1) an official to perform public duty Explanation: The term "mandamus" literally means "command." Writ of mandamus is issued to a person or lower level Court or a body by a superior Court. ... a particular act. The writ of mandamus is an effective writ that checks the functioning of the government.

The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is not eligible for any further office either under the Central government or the state government after his retirement (4) Can be appointed to any office after his retirement

Description : The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is ... or the state government after his retirement (4) Can be appointed to any office after his retirement

Last Answer : (3) Is not eligible for any further office either under the Central government or the state government after his retirement Explanation: The Comptroller and Auditor General of India is not ... the central government or state government after his retirement current CAG of India - Rajiv Mehrishi.

While dealing with complaints of violation of Human Rights by the members of the armed forces, the Commission either on its own motion or on receipt of a petition will - (1) enquire itself (2) give directions to the concerned police officers to enquire (3) seek a report from the Central Government (4) None of the above

Description : While dealing with complaints of violation of Human Rights by the members of the armed forces, the Commission either on its own motion or on receipt of a petition will - (1) enquire itself (2) give ... police officers to enquire (3) seek a report from the Central Government (4) None of the above

Last Answer : (3) seek a report from the Central Government Explanation: While dealing with complaints of violation of Human Rights by the armed forces, the Commission either on its own motion or on receipt of a petition will seek a report from the Central Government.

Elections in the Panchayati Raj Institutions in India are conducted by - (1) State Election Commissioner (2) Election Commission of India (3) State Government (4) Central Government

Description : Elections in the Panchayati Raj Institutions in India are conducted by - (1) State Election Commissioner (2) Election Commission of India (3) State Government (4) Central Government

Last Answer : (1) State Election Commissioner Explanation: The superintendence, direction and control of the preparation of electoral rolls for, and the conduct of, all elections to the Panchayats shall be ... State Election Commission consisting of a State Election Commissioner to be appointed by the Governor.

The decision to conduct Panchayat Elections is taken by which of the following? (1) The Central Government (2) The State Government (3) The District Judge (4) The Election Commission

Description : The decision to conduct Panchayat Elections is taken by which of the following? (1) The Central Government (2) The State Government (3) The District Judge (4) The Election Commission

Last Answer : (2) The State Government Explanation: The State Election Commissions constituted under the Constitution (Seventythird and Seventy-fourth) Amendments Act, 1992 for each State / Union Territory are vested ... Panchayats and other local bodies. They are independent of the Election Commission of India.

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 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.

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.

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

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.

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.

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.

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.

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.