56. The Finance Commission’s recommendations are based on the principle of:
a) Fiscal federalism
b) Fiscal consolidation
c) Fiscal deficit
d) Fiscal responsibility
57. The Finance Commission’s recommendations are binding on the government for a period of:
a) 1 year
b) 2 years
c) 3 years
d) 5 years
58. The Finance Commission’s recommendations are primarily aimed at achieving:
a) Horizontal equity
b) Vertical equity
c) Fiscal stability
d) All of the above
59. Which Finance Commission recommended the setting up of a Debt Relief Commission for states?
a) Tenth Finance Commission
b) Eleventh Finance Commission
c) Twelfth Finance Commission
d) Thirteenth Finance Commission
60. The Finance Commission’s recommendations are based on the principle of:
a) Merit
b) Need
c) Efficiency
d) Accountability
