The 13th Finance Commission of India, whose Chairman was Vijay Kelkar, had allocated what percentage of central tax revenues were shared by the Center with the states?
56%
50%
70%
70%
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Who was the Chairman of the 13th Finance Commission of India?
K.C. Neogy
K.Santhanam
Vijay Kelkar
Vijay Kelkar
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In which year did the Finance Commission of India came into existence?
1947
1948
1951
1951
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Which of the following roles/functions/responsibilities are NOT under the purview of the Financial commission?
1. Sharing of net proceeds of taxes between the Center and States 2. Recommending principles for governing the grants-in-aid to the states by the Center 3. Recommendations on matters referred to it by the President for the interest of sound finance 4. Preparation and periodical revision of electoral rolls
Only 1
Only 2
Only 3 and 4
Only 3 and 4
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Which Article in the Indian Constitution provides for the Finance Commission?
Article 323
Article 280
Article 256
Article 256
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Who was the Chairman of the First Finance Commission of India that was appointed in 1951?
K.C. Neogy
K.Santhanam
Y.V. Reddy
Y.V. Reddy
35 Views
What is the constitution of the Finance Commission?
Chairman and nine elected (by Lok Sabha) members
Chairman, Vice-chairman and eight nominated members
Chairman, and four other members appointed by the President
Chairman, and four other members appointed by the President
