Question
Consider the following statements regarding the Fourteenth Finance Commission:
Which of the statements given above is/are correct?
- It would recommend on sharing of tax proceeds between the centre and the states which will apply for a five-year period beginning April 1, 2014.
- To suggest steps for pricing of public utilities, such as electricity and water.
- It would review the state of finances, deficit and debt levels of the centre and states.
Which of the statements given above is/are correct?
Answer: Option B
Answer: (b)
Fourteenth finance commission would recommend on sharing of tax proceeds between the Centre and the states which will apply for a five-year period beginning April 1, 2015.
It will suggest steps for the pricing of public utilities such as electricity and water. It would review the state of finances, deficit and debt levels of the Centre and states.
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Answer: (b)
Fourteenth finance commission would recommend on sharing of tax proceeds between the Centre and the states which will apply for a five-year period beginning April 1, 2015.
It will suggest steps for the pricing of public utilities such as electricity and water. It would review the state of finances, deficit and debt levels of the Centre and states.
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