MCQ Finance Commissions [Central & States] SET 1ALL MCQ For Finance Commissions [Central & States] 1. Which among the following is the constitutional body appointed by the president, every five years to review centre state financial relationships?Finance CommissionInter State CommissionInter State CouncilZonal CouncilQuestion 1 of 152. Who among the following determines the qualifications which shall be requisite for appointment as members of the Finance Commission in India?President of IndiaParliament by an actUnion CabinetCouncil of MinistersQuestion 2 of 153. The provision for having a Finance Commission to sort out the revenue-sharing arrangement between states and the Centre is part of the Constitution under which among the following articles?Article 275Article 282Article 285Article 280Question 3 of 154. Who is the chairman of 14th Finance Commission?C. Ranga Rajan Vijaya KelkarY.V. ReddyN.K.SinghQuestion 4 of 155. As per 15th Finance Commission recommendations, the Central Government has agreed to give how much of tax divisible pool to states ?39% 40% 41%43% Question 5 of 156. Finance Commission is related to which of the following article of the Constitution?Article 180 Article 380 Article 282Article 280Question 6 of 157. Finance Commission is appointed after every__________ years.7 2 56Question 7 of 158. The 15th Finance Commission has suggested shifting which of the following State subjects to the Concurrent List of the 7th Schedule?Health Public Order Betting and GamblingAgriculture Question 8 of 159. Which of the following is NOT an example of the indirect form of taxation?Sales tax Excise Duty Income TaxCustom Duty Question 9 of 1510. Article 280 of the Indian Constitution lays down the establishment of theInter-State Council Finance CommissionPlanning CommissionRiver Waters TribunalQuestion 10 of 1511. The State Finance Commission is aLegal body Non-statutory body Constitutional body None of the aboveQuestion 11 of 1512. The first Finance Commission of India was set up in the year:1956 1951 19481965 Question 12 of 1513. Who presented the first Union Budget of Independent India?Rajendra Prasad - 1949 R. K. Shanmukham Chetty - 1947 C. D. Deshmukh - 1952John Mathai - 1950Question 13 of 1514. The Volume III of the 15th Finance Commission Report addresses issues related to:State-specific Considerations Main Report and Annexes. Finances of Each StateUnion GovernmentQuestion 14 of 1515. Who is the Chairman of the 15th Finance Commission?Dr. Y. V. Reddy Arvind MehtaNand Kishore Singh G. C. Murmu Question 15 of 15 Loading...
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