UPSC Exam  >  UPSC Questions  >  What is the main function of the Finance Comm... Start Learning for Free
What is the main function of the Finance Commission?
  • a)
    To manage the budget of the central government
  • b)
    To regulate the stock market
  • c)
    To make recommendations on the distribution of net proceeds of taxes between the Centre and the states
  • d)
    To monitor the expenditure of the government
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the main function of the Finance Commission?a)To manage the bu...
The Finance Commission is required to make recommendations to the President of India on matters such as the distribution of the net proceeds of taxes to be shared between the Centre and the states, the principles that should govern the grants-in-aid to the states by the Centre, and the measures needed to augment the consolidated fund of a state to supplement the resources of the panchayats and the municipalities.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer?
Question Description
What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer?.
Solutions for What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the main function of the Finance Commission?a)To manage the budget of the central governmentb)To regulate the stock marketc)To make recommendations on the distribution of net proceeds of taxes between the Centre and the statesd)To monitor the expenditure of the governmentCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev