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Which authority recommends the principles governing the grants-in-aid of the revenues of the states out of the Consolidated Fund of India?
  • a)
    Finance Commission
  • b)
    Union Ministry of Finance
  • c)
    Public Accounts Committee
  • d)
    Inter-State Council
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which authority recommends the principles governing the grants-in-aid ...
 Finance Commission is a constitutional Body and it is constituted by the President. It is set up every five years or before. It lays down rules by which the Centre should provide grants in aid to states out of the consolidated fund of India and suggest measures to increase the resources of the State.
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Which authority recommends the principles governing the grants-in-aid of the revenues of the states out of the Consolidated Fund of India?a)Finance Commissionb)Union Ministry of Financec)Public Accounts Committeed)Inter-State CouncilCorrect answer is option 'A'. Can you explain this answer?
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