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Who took the first step in separating central and provincial finances in British India?
- a)Lord Ripon
- b)Lord Mayo
- c)Lord Cornwallis
- d)Lord Curzon
Correct answer is option 'B'. Can you explain this answer?
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Who took the first step in separating central and provincial finances ...
The first step in the direction of separating central and provincial finances was taken in 1870 by Lord Mayo.
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Who took the first step in separating central and provincial finances ...
Lord Mayo
Lord Mayo took the first step in separating central and provincial finances in British India during his tenure as Viceroy from 1869 to 1872. This significant reform aimed to streamline financial administration and improve accountability in the British Indian government.
Reason for Separation
The separation of central and provincial finances was necessary to ensure better fiscal management and transparency in the allocation of funds. Prior to this reform, there was a lack of clarity and oversight in the financial affairs of the British Indian government.
Impact of the Reform
- The separation of finances helped in clearly defining the revenue and expenditure responsibilities of the central and provincial governments.
- It facilitated better financial planning and budgeting at both levels of administration.
- This reform also led to greater financial autonomy for the provinces, allowing them to manage their resources more efficiently.
Legacy of Lord Mayo
Lord Mayo's initiative in separating central and provincial finances laid the foundation for a more organized and accountable financial system in British India. His reform set the stage for future developments in fiscal governance that would contribute to the overall efficiency of the administration.
In conclusion, Lord Mayo's decision to separate central and provincial finances was a crucial step towards improving financial management in British India and enhancing the governance structure of the colonial administration.
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Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer?
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Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer?.
Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Who took the first step in separating central and provincial finances in British India?a)Lord Riponb)Lord Mayoc)Lord Cornwallisd)Lord CurzonCorrect answer is option 'B'. Can you explain this answer?.
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