Question
Which of the following statements is/are correct
regarding the 16th Finance Commission (FC)? 1. It is established under Article 280 of the Indian Constitution. 2. It focuses on fiscal devolution to panchayats and municipalities post the 73rd and 74th amendments. 3. The Finance Commission directly allocates funds to urban local bodies (ULBs).Solution
• Statement 1: Correct. Article 280 establishes the Finance Commission. • Statement 2: Correct. It focuses on empowering panchayats and municipalities post the constitutional amendments. • Statement 3: Incorrect. The Finance Commission recommends fund allocation to the states, which then distribute to ULBs.
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...Which of the following is not a test related to Heteroscedasticity?
India traditionally runs a large Merchandise Trade Deficit (Goods). What is the key component that typically counteracts this to keep the Current Accoun...
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Under a fixed exchange rate system with perfect capital mobility, what happens when the government increases its spending?
An unbiased coin is tossed until a head appears. The expected number of tosses required is
Consider a closed economy wherein
C = 0.60 Yd  , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500
Where in Yd = Dis...
In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
In the foreign exchange market price of US Dollar rises from â‚ą 60 to â‚ą 61. This means that_____
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