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SSC CGL Exam  >  SSC CGL Test  >  Finance and Economics  >  Test: Finance Commission - SSC CGL MCQ

Finance Commission - Free MCQ Practice Test with solutions, SSC CGL


MCQ Practice Test & Solutions: Test: Finance Commission (10 Questions)

You can prepare effectively for SSC CGL Finance and Economics with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Finance Commission". These 10 questions have been designed by the experts with the latest curriculum of SSC CGL 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Finance Commission - Question 1
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What is the primary purpose of the Consolidated Fund of India?

Detailed Solution: Question 1

The primary purpose of the Consolidated Fund of India is to fund unforeseen expenses that are approved by Parliament. This fund holds all the money received by or on behalf of the Government of India, and expenditures from it can only be made with the approval of Parliament.

Test: Finance Commission - Question 2
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Which body is responsible for making recommendations on the distribution of tax proceeds between the Union and the States in India?

Detailed Solution: Question 2

The Finance Commission in India is responsible for making recommendations on the distribution of tax proceeds between the Union (Central Government) and the States.

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Test: Finance Commission - Question 3
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What are some of the expenses charged on the Consolidated Fund of India that do not require the sanction of Parliament?

Detailed Solution: Question 3

Some of the expenses charged on the Consolidated Fund of India that do not require the sanction of Parliament include debt charges of the Government of India. These charges are automatically allocated from the fund.

Test: Finance Commission - Question 4
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Who has the power to constitute the Finance Commission in India?

Detailed Solution: Question 4

The Finance Commission in India is constituted by the President of India once every five years or as deemed necessary.

Test: Finance Commission - Question 5
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What is the primary role of the State Finance Commissions in India?

Detailed Solution: Question 5

The primary role of State Finance Commissions in India is to rationalize and systematize state-level fiscal relations, ensuring fair distribution of resources among local governments within the state.

Test: Finance Commission - Question 6
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Which Article of the Indian Constitution deals with the constitution of the Finance Commission?

Detailed Solution: Question 6

The constitution of the Finance Commission in India is dealt with under Article 280 of the Indian Constitution.

Test: Finance Commission - Question 7
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What is the key advisory role of the Finance Commission in India?

Detailed Solution: Question 7

The key advisory role of the Finance Commission in India is to provide recommendations to the government, which are not binding but are usually accepted.

Test: Finance Commission - Question 8
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What is the primary responsibility of the President of India regarding the recommendations of the Finance Commission?

Detailed Solution: Question 8

The primary responsibility of the President of India regarding the recommendations of the Finance Commission is to lay the recommendations before Parliament.

Test: Finance Commission - Question 9
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What is the primary function of the Contingency Fund of India?

Detailed Solution: Question 9

The primary function of the Contingency Fund of India is to provide emergency funds to meet unforeseen expenses.

Test: Finance Commission - Question 10
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Which body has the authority to control and audit the financial activities of the State governments in India?

Detailed Solution: Question 10

The Comptroller and Auditor-General (CAG) has the authority to control and audit the financial activities of the State governments in India.

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About this SSC CGL Practice Test

This test contains 10 MCQs on Finance Commission with detailed solutions for each question. It is part of the Finance and Economics course on EduRev, designed to align with the current SSC CGL syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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