Q: (SSC/0)
question_subject:
Polity
question_exam:
SSC
stats:
0,74,27,15,10,74,2
keywords:
{'grants': [2, 0, 1, 0], 'consolidated fund': [1, 0, 0, 3], 'public accounts committee': [5, 0, 2, 2], 'union ministry': [1, 0, 9, 11], 'aid': [3, 0, 3, 0], 'finance commission': [8, 1, 3, 1], 'authority': [1, 0, 0, 0], 'finance': [5, 2, 5, 15], 'principles': [0, 0, 1, 0], 'revenues': [2, 0, 5, 3]}
The correct answer is option 3, the Finance Commission. The Finance Commission is an authority that recommends the principles governing the grants in-aid of the revenues of the states out of the Consolidated Fund of India. This commission is a constitutional body that is appointed every five years. It is responsible for making recommendations regarding the distribution of taxes between the central government and the state governments, as well as the allocation of resources to the states. The Finance Commission plays a crucial role in ensuring a fair and equitable distribution of financial resources among the states, taking into account various factors such as population, income levels, and fiscal capacity.