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
Correct Answer: Finance Commission
Solution : The correct answer is the Finance Commission .
The President constitutes the Finance Commission, a body established by the Constitution. It establishes guidelines for how the Centre should allocate funds from the India Consolidated Fund to the states as aid and makes recommendations for ways to boost state resources.
Related Questions
Know More about
Staff Selection Commission Stenographer ...
Application | Eligibility | Dates | FAQs
Get Updates Brochure
Your Staff Selection Commission Stenographer Grade C & D Exam brochure has been successfully mailed to your registered email id “”.
