MCQ derived from the sources like PIB, The Hindu & The Indian Express news articles & editorials, Yojana and others. Questions will be conceptual as well as factual.
These questions-answer will be useful for UPSC, UPPSC, and various examinations...
1. The Finance Commission is constituted by the President of India under
a. Article 262
b. Article 315
c. Article 280
d. Article 261
✓ c. Article 280
2. What is function of Finance Commission ?
a. Recommendations for budget
b. Financial cooperation between states
c. Financial grants to vulnerable section
d. Recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves
✓ d. Recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves
3. Which one of the following is not the qualifications of Finance Commission?
a. Qualified to be appointed as Judge of a High Court
b. Special knowledge of the finances
c. Special knowledge of economics
d. Three years practice advocate of High Court
✓ d. Three years practice advocate of High Court
4. The 14th Finance Commission used ______ population data, in addition to the 1971 data.
a. Census 1981
b. Census 1991
c. Census 2001
d. Census 2011
✓ d. Census 2011
5. When was the first Finance Commission constituted ?
a. 1951
b. 1955
c. 1960
d. 1961
✓ a. 1951
6. Who was the first Finance Commission ?
a. Y. V. Reddy
b. J. P. Kripalani
c. K. C. Neogy
d. Acharya Dev
✓ c. K. C. Neogy
7. Consider the following statements regarding the recommendations of finance commission:
i. Tax distribution between Centre and States
ii. The grant-in-aid of the revenues of the States out of the Consolidated Fund of India
Select the Correct code given below
a. i Only
b. ii Only
c. i & ii
d. Non of the above
✓ c. i & ii
8. Who appoints the Finance Commission ?
a. Prime Minister
b. President
c. Finance Minister
d. The Parliament
✓ b. President
9. Who is appointed as chairman of 15th Finance Commission ?
a. Raghuram Rajan
b. Urjit Patel
c. Y.V. Reddy
d. N. K. Singh
✓ d. N. K. Singh
10. What is the 15th Finance Commission report title ?
a. Finance Commission in Health Emergency
b. Finance Commission in Nature Calamities
c. Finance Commission in COVID Times
d. Finance Commission in Pandemic
✓ c. Finance Commission in COVID Times
11. 15th Finance Commission recommendations would be applicable for the period from
a. 2020 to 2026
b. 2020 to 2025
c. 2021 to 2025
d. 2021 to 2026
✓ d. 2021 to 2026
Q 12. The Finance Commission is constituted for a period of:
a. 3 years
b. 5 years
c. 7 years
d. 9 years
✓ b. 5 years
Q 13. Consider the following statements regarding the State Finance Commission:
1. It is constituted by Governor every 7 year.
2. It review the financial position of Panchayat & Municipalities.
3. It is a Constitutional body.
Which of the statements given above are Correct?
a. 1 and 2 only
b. 2 and 3 only
c. 1 and 3 only
d. 1, 2 and 3
✓ b. 2 and 3
Q 14. Which one of the following statements about Finance Commission of India is true?
a. It is a Statutory body
b. It is a Constitutional body
c. It is a executive body
d. None of the above
✓ b. It is a Constitutional body
For More Details of 15th Finance Commission 👉 CLICK HERE
References
UPSC
Pib
The Hindu
M. Laxmikant
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