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Finance Commissions [Central & States]
1
2
3
4
5
1.
Which among the following is the constitutional body appointed by the president, every five years to review centre state financial relationships?
Finance Commission
Inter State Commission
Inter State Council
Zonal Council
2.
Transactions related to debt other than those included in the Consolidated Fund of India are kept in which among the following?
Debt Account
Public Account
Contingency Fund
Debt Fund
3.
Who among the following recommends distribution of taxes between the Union and State Govt?
Finance Minister
Finance Commission
Reserve bank of India
Prime minister
4.
In which year, the Contingency Fund of India was constituted by an act called Contingency Fund of India Act?
1950
1959
1960
1961
5.
Which article of Indian Constitution mandates presenting a statement of estimated receipts and expenditures of the Government for one financial year?
Article 110
Article 111
Article 112
Article 113
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