Multiple Choice Questions on Which authority recommends the principles governing the grants in aid of the revenues of the states ........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

Which authority recommends the principles governing the grants in aid of the revenues of the states ...........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Which authority recommends the principles governing the grants in aid of the revenues of the states out of the Consolidated Fund of India?

    Public Accounts Committee

    Incorrect Answer

    Union Ministry of Finance

    Incorrect Answer

    Finance Commission

    Correct Answer

    Inter-State Council

    Incorrect Answer
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    Explanation:

    The Finance Commission get constituted by the President of India under Article 280 of the Indian Constitution.
    It was formed to define the financial relations between the central government of India and the individual state governments. 

    By: Amit Kumar
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