MCQOPTIONS
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| 1. |
Which of the following responsibilities are under the preview of the Finance Commission?(a) Sharing of net proceeds of taxes between the center and states.(b) Recommending the principles for governing the grant-in-aid to the states by the center.(c) Recommendation on the matters referred to it by the President for the interest of sound finance.Choose the correct answer: |
| A. | (a) only |
| B. | (b) only |
| C. | (b) and (c) only |
| D. | (a), (b) and (c) |
| Answer» E. | |