Question
Consider the following statements with respect to the
Finance Commission -  I. The Finance Commission (FC) is a constitutional body that determines the method and formula for distributing the tax proceeds between the Centre and states, and among the states as per the constitutional arrangement and present requirements. II. Under Article 281 of the Constitution, the President of India is required to constitute a Finance Commission. III. The 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh. Its recommendations will cover a period of five years from the year 2021-22 to 2026 27. Which of the following statements is/are NOT TRUE ?Solution
The Finance Commission (FC) is a constitutional body that determines the method and formula for distributing the tax proceeds between the Centre and states, and among the states as per the constitutional arrangement and present requirements. Under Article 280 of the Constitution, the President of India is required to constitute a Finance Commission at an interval of five years or earlier. The 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh. Its recommendations will cover a period of five years from the year 2021-22 to 2025-26.Â
How many meaningful four-letter English words can be formed using the first, fourth, fifth and sixth letters of the word SAVOUR (when counted from left ...
A street vendor sells goods of Rs. 5 on 1st day, on every subsequent day he sells which is just double of that sale made on the previous day....
The sequence of folding a piece of paper and the manner in which the folded paper has been cut is shown in the figures below. How would the paper look w...
Which of the following numbers will replace the question mark (?) in the given series?
8, 18, 38, 78, 158, ?Â
Conditions – (i) If the second element is a symbol and the last element is a number, then the second and last elements are to be coded as ©.
...
How many triangles are there in the given figure?
In a certain code language, ‘It’s your life’ is written as ‘Ao Bo Co’ and ‘It’s your food’ is written as ‘Ba Co Bo’. How will ‘foo...
What will come in place of the question mark (?) in the following equation, if ‘+’ and ‘–’ are interchanged and ‘×’ and ‘÷’ are inte...
Who is an immediate neighbour of Ziya?
In a certain code language, NEST is written as 8426, WISE is written as 6912, and RAIN is written as 7859.
The letters do not correspond to ...
