Finance Commission — Prelims Questions

Consider the following statements about the Finance Commission: 1. It is constituted every five years under Article 280 of the Constitution 2. Its recommendations are binding on the Central Government 3. It can recommend distribution of both direct and indirect taxes 4. The 15th Finance Commission increased the States' share in divisible taxes to 42% Which of the statements given above are correct?

Which of the following criteria is NOT typically used by the Finance Commission for horizontal distribution of taxes among States?

The 73rd and 74th Constitutional Amendments added which new function to the Finance Commission?

Consider the following statements about the 15th Finance Commission: 1. It was the first Finance Commission to be headed by a former bureaucrat 2. It recommended performance-based incentives for States 3. It allocated specific funds for disaster risk management 4. It recommended the same tax devolution percentage as the 14th Finance Commission Which of the statements given above are correct?

Which Article of the Constitution deals with grants-in-aid from the Centre to States as recommended by the Finance Commission?