51. Which Finance Commission recommended the formation of the National Investment Fund (NIF)?
a) Tenth Finance Commission
b) Eleventh Finance Commission
c) Twelfth Finance Commission
d) Thirteenth Finance Commission
52. The Finance Commission’s recommendations are primarily concerned with the vertical distribution of resources between:
a) The Centre and the states
b) The states and the Union territories
c) The Union territories and the Centre
d) All of the above
53. The Finance Commission’s recommendations are submitted to:
a) The President of India
b) The Prime Minister of India
c) The Parliament of India
d) The Supreme Court of India
54. The Finance Commission’s recommendations are implemented through:
a) Budgetary provisions
b) Legislation
c) Executive action
d) All of the above
55. Which Finance Commission recommended the establishment of the National Investment Fund (NIF) for the proceeds of disinvestment?
a) Twelfth Finance Commission
b) Thirteenth Finance Commission
c) Fourteenth Finance Commission
d) Fifteenth Finance Commission
