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Consider the following statements regarding State Finance Commissions (SFCs) in India:
1. The 15th Finance Commission recommended withholding grants to states that fail to establish SFCs as mandated.
2. SFCs are required to submit their recommendations directly to the Finance Commission of India.
3. The establishment of SFCs is mandated under Article 243-I of the Indian Constitution.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding State Finance Commissions ...
- Statement 1 is correct. The 15th Finance Commission did indeed recommend withholding grants to states that do not comply with the requirement to establish State Finance Commissions (SFCs) as per constitutional mandates. This measure is intended to enforce compliance and ensure that states take the establishment of SFCs seriously.
- Statement 2 is incorrect. The recommendations of State Finance Commissions (SFCs) are not submitted directly to the Finance Commission of India. Instead, SFCs provide their recommendations to the state government regarding the distribution of financial resources between the state and local bodies. The Finance Commission of India deals with the distribution of financial resources between the Union and the states, not directly with SFCs.
- Statement 3 is correct. The establishment of State Finance Commissions is indeed mandated under Article 243-I of the Indian Constitution. This article requires the Governor of a state to constitute a Finance Commission within one year of the 73rd Constitutional Amendment Act (1992) and subsequently every five years.
Therefore, the correct answer is Option C.
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Consider the following statements regarding State Finance Commissions (SFCs) in India:1. The 15th Finance Commission recommended withholding grants to states that fail to establish SFCs as mandated.2. SFCs are required to submit their recommendations directly to the Finance Commission of India.3. The establishment of SFCs is mandated under Article 243-I of the Indian Constitution.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding State Finance Commissions (SFCs) in India:1. The 15th Finance Commission recommended withholding grants to states that fail to establish SFCs as mandated.2. SFCs are required to submit their recommendations directly to the Finance Commission of India.3. The establishment of SFCs is mandated under Article 243-I of the Indian Constitution.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct 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 Consider the following statements regarding State Finance Commissions (SFCs) in India:1. The 15th Finance Commission recommended withholding grants to states that fail to establish SFCs as mandated.2. SFCs are required to submit their recommendations directly to the Finance Commission of India.3. The establishment of SFCs is mandated under Article 243-I of the Indian Constitution.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct 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 Consider the following statements regarding State Finance Commissions (SFCs) in India:1. The 15th Finance Commission recommended withholding grants to states that fail to establish SFCs as mandated.2. SFCs are required to submit their recommendations directly to the Finance Commission of India.3. The establishment of SFCs is mandated under Article 243-I of the Indian Constitution.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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