Transfer of Resources — Prelims Questions

Which of the following statements regarding the Finance Commission in India is/are correct? 1. It is a statutory body constituted under Article 280 of the Constitution. 2. It makes recommendations on the distribution of net proceeds of taxes between the Union and the States. 3. It also recommends measures to augment the Consolidated Fund of a State to supplement the resources of Panchayats and Municipalities.

Which of the following criteria were explicitly used by the 15th Finance Commission for horizontal tax devolution? 1. Population (2011) 2. Area 3. Forest and Ecology 4. Fiscal Discipline 5. Demographic Performance

Consider the following statements regarding Centrally Sponsored Schemes (CSS): 1. They are fully funded by the Central government. 2. They are implemented by the State governments. 3. They aim to achieve national priorities through state-level implementation. Which of the statements given above is/are correct?

Which of the following articles of the Indian Constitution deals with 'Grants-in-aid of the revenues of such States as are in need of assistance'?

The increasing use of 'surcharges and cesses' by the Union government has which of the following implications for resource transfers to states? 1. It reduces the size of the divisible pool of taxes. 2. It increases the untied funds available to states. 3. It enhances the fiscal autonomy of states.