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Q134 (UPPCS/2021) Polity & Governance › Constitutional & Statutory Bodies

The primary duty of the Finance Commission of India is

Result
Your answer: —  Â·  Correct: A

Explanation

Under Article 280 of the Constitution of India, the Finance Commission is a quasi-judicial body constituted by the President every five years. Its primary duty is to make recommendations regarding the distribution of the net proceeds of taxes between the Union and the States (vertical devolution) and the allocation among the States of their respective shares (horizontal devolution).

  • It also recommends the principles governing grants-in-aid to the States and measures to augment the Consolidated Fund of a State for local bodies.
  • Option B is incorrect: The Union Budget is prepared by the Budget Division of the Department of Economic Affairs (Ministry of Finance).
  • Option D is incorrect: The allocation of funds to specific ministries is an executive function handled through the Union Budget and Appropriation Acts.
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SIMILAR QUESTIONS

IAS · 2000 · Q10 Relevance score: 6.29

The primary function of the Finance Commission in India is to

IAS · 2003 · Q73 Relevance score: 3.25

Consider the following statements: The function (S) of the Finance Commission is/are 1. to allow the withdrawal of money out of the Consolidated Fund of India. 2. to allocate between the States the shares of proceeds of taxes. 3. to consider applications for grants-in-aid from States. 4. to supervise and report on whether the Union and State governments are levying taxes in accordance with the budgetary provisions. Which of these statements is/are correct?

CAPF · 2008 · Q35 Relevance score: 3.17

Consider the following statements : 1. No money bill can be introduced in the Parliament without the recommendation of the President of India. 2. The Prime Minister appoints Finance Commission for distribution of taxes between the Union and the States. Which of the statements given above is/are correct ?

CDS-I · 2008 · Q89 Relevance score: 2.70

Financial distribution between the Union and the State takes place on the basis of the recommendations of which one of the following ?

IAS · 2012 · Q81 Relevance score: 2.20

According to the Constitution of India, it is the duty of the President of India to cause to be laid before the Parliament which of the following? 1. The Recommendations of the Union Finance Commission 2. The Report of the Public Accounts Committee 3. The Report of the Comptroller and Auditor General 4. The Report of the National Commission for Scheduled Castes Select the correct answer using the codes given below: