Which of the following are the functions of Finance Commissions in India?
I. To make recommendations on the distribution of tax proceeds between Centre and the States.
II. To make recommendations on levying, removing or restructuring of taxes.
III. To recommend grants-in-aid under Article 275 of the Constitution.
IV. To recommend plan and other grants under Article 282 of the Constitution.
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Fiscal federalism and Finance Commissions has come up 30 times in 5 exams since 2012.
This question is on Finance Commissions and devolution, part of Fiscal federalism and Finance Commissions in Public Economics.
The constitutional body that recommends how tax revenue is shared between the Union and the states.
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Question from the JNU SSS 2019 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.