61. The Finance Commission’s recommendations are primarily aimed at promoting:
a) Fiscal prudence
b) Fiscal federalism
c) Fiscal transparency
d) All of the above
62. Which Finance Commission recommended the introduction of the Fiscal Responsibility and Budget Management (FRBM) Act?
a) Tenth Finance Commission
b) Eleventh Finance Commission
c) Twelfth Finance Commission
d) Thirteenth Finance Commission
63. The Finance Commission’s recommendations are primarily concerned with the distribution of:
a) Tax revenues
b) Central assistance to states
c) Grants-in-aid
d) All of the above
64. The Finance Commission’s recommendations are aimed at ensuring:
a) Adequate resources for the states
b) Efficient utilization of resources
c) Equity in resource allocation
d) All of the above
65. Which Finance Commission recommended the sharing of Union taxes with the states in a horizontal formula?
a) Eleventh Finance Commission
b) Twelfth Finance Commission
c) Thirteenth Finance Commission
d) Fifteenth Finance Commission
