Question : Finance Commission is appointed by the President of India after every
Option 1: 5 years
Option 2: 6 years
Option 3: 4 years
Option 4: None of these
Correct Answer: 5 years
Solution : The Correct Answer is- 5 years
The Finance Commission, an institution with constitutional authority, is a crucial part of fiscal federalism. Article 280 of the Constitution discusses the Finance Commission. The Indian Finance Commission is a constitutional body that is appointed every five years by the President of India. The commission's additional members are also chosen by the governor.
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Question : The Finance Commission in India is appointed by
Option 1: Prime Minister of India
Option 2: President of India
Option 3: Chairman of Rajya Sabha
Option 4: Speaker of Lok Sabha
Question : The Comptroller and Auditor General of India is appointed by the
Option 1: Prime Minister
Option 2: President
Option 3: Finance Minister
Option 4: Lok Sabha
Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
Question : Which of these Micro Finance Institutions (MFIs) are not regulated by the Reserve Bank of India (RBI)?
Option 1: Small finance bank-led MFIs
Option 2: Bank-led MFIs
Option 3: NBFC MFIs
Option 4: Non-profit MFIs
Question : Monetray policy in India is formulated by:
Option 1: Finance Ministry
Option 2: RBI
Option 3: SEBI
Option 4: CLB
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