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The Finance Commission in India is responsible for:
  • a)
    Distributing financial resources between the central and state governments
  • b)
    Allocating funds for defense expenditure
  • c)
    Formulating the national budget
  • d)
    Regulating stock exchanges
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The Finance Commission in India is responsible for:a)Distributing fina...
The Finance Commission in India is responsible for recommending the distribution of financial resources between the central government and the state governments. It determines the share of taxes and other revenues that should be assigned to the states.
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The Finance Commission in India is responsible for:a)Distributing financial resources between the central and state governmentsb)Allocating funds for defense expenditurec)Formulating the national budgetd)Regulating stock exchangesCorrect answer is option 'A'. Can you explain this answer?
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