50+ Finance Commission MCQs and Answers with FREE PDF

Finance Commission MCQs and Answers are most important for your upcoming political science competitive examinations. These questions are from the Finance Commission Syllabus. These Finance Commission MCQs will be very helpful for your upcoming academic examinations and also for competitive exams such as UPSC, SSC, RRB, CTET, NTA UGC NET, CTET, and other civil service examinations. You can easily score high in your political science examinations by preparing through MCQs. You can prepare these MCQ questions for the Finance Commission with their answers within a few minutes of time. Here we have posted some MCQs questions on the Finance Commission with their correct answers to practice.

Finance Commission MCQs and Answers

1. The Volume III of the 15th Finance Commission Report addresses issues related to

2. Which of the following is/are not recommended in the 15th Finance Commission Report?
Grants to States are divided into - Panchayats and Municipal Bodies
Performance-based grants and Sector-specific grants
Setting up of District Disaster Management Funds
Setting up of State Disaster Management Fund

3. Who is the Chairman of the 15th Finance Commission?

4. With respect to the Finance Commission, consider the following statements:
1. The Finance Commission is a statutory body
2. Recommendations made by the Finance Commission are only advisory in nature
Which of the statement(s) given above is/are incorrect?

5. When is the report submitted by the Finance Commission available in the public domain?

6. As per the recommendations, the State's share in the divisible pool of taxes for FY 2020-21 should be reduced from 42% to

7. Which are the two base years of the population taken by the 15th Finance Commission for the tax calculation for states?

8. Which of the following is not a member of the 15th Finance Commission?

9. With respect to the 15th Finance Commission, consider the following statements:
1. The term of the 15th Finance Commission was extended for two years recently.
2. Its recommendations will be applicable for six years and not the conventional five-year period.
Which of the statement(s) given above is/are correct?

10. Which of the following is NOT an example of the indirect form of taxation?

11. Article 280 of the Indian Constitution lays down the establishment of the

12. The State Finance Commission is a

13. Which one of the following statements about the 15th Fifteenth Finance Commission is NOT correct?

14. Which among the following have been constituted under Article 280 of the constitution?

15. Who among the following is the 15th Chairman of the Finance Commission of India?

16. Who determines the centre-state financial relations from the following?

17. Who was the Chairman of the first Finance Commission of India?

18. Finance Commission is constituted

19. Who presented the first Union Budget of Independent India?

20. ______ was the Chairman of the first Finance Commission of India.


 

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