Question

State Finance Commission is appointed by a State Government every five years to determine:

• A. Financial resources of the State for placing State’s requirement before the Union Government
• B. Development requirements of the State for formulating State Five Year Plan
• C. Budgetary requirements of various departments of the State Government
• D. Pattern of distribution of State’s tax revenue between the State Government and local bodies (both rural and urban) and the pattern of grants-in-aid to local bodies

Answer 1

Answer:

D. Pattern of distribution of State’s tax revenue between the State Government and local bodies (both rural and urban) and the pattern of grants-in-aid to local bodies

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