Question : Which authority recommends the principles governing the grants in -aid of revenues of the states out of the consolidated fund of india?
Option 1: public accounts committee
Option 2: union ministry of finance
Option 3: Finance Commission
Option 4: inter-state council
Correct Answer: Finance Commission
Solution : The Correct Answer is Finance Commission
A constitutional body, the Finance Commission is established by the President. The Central Finance Commission (CFC) is required by Article 280(3)(C) of the Constitution to recommend actions to increase the Consolidated Fund of a State to supplement the resource of Municipalities based on the recommendations of the respective SFCs. It lays out the guidelines by which the Centre should distribute grants in aid to states from the Consolidated Fund of India and suggests steps to boost state resources.
College Comparison based on Courses, Placement, Rank, Fee
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Which of the following institutions is mandated by the Constitution to make recommendations to the President on the principles which should govern the grants in-aid of the revenues of the States out of the Consolidated Fund of India?
Option 1: Finance Commission
Option 2: Department of Expenditure
Option 3: Reserve Bank of India
Option 4: Law Commission
Question : The pension of a High Court Judge is charge on the
Option 1: Public accounts of India
Option 2: Consolidated Fund of the state
Option 3: Public accounts of the state
Option 4: Consolidated fund of India
Question : The UPSC in India stands for:
Option 1: Union Public Service Commission
Option 2: United Public Service Committee
Option 3: Universal Public Service Council
Option 4: Union of Professional Service Consultants
Question : The President can advance money to meet unforeseen expenses from the
Option 1: Consolidated Fund of India
Option 2: Grants of the Central Government
Option 3: Aid from the Union Government
Option 4: Contingency Fund
Question : The emoluments and allowances of the President and other expenditures relating to his office are charged on the ____________of India.
Option 1: contingency fund
Option 2: estimates fund
Option 3: consolidated fund
Option 4: public accounts fund
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile