86. The Finance Commission’s recommendations are implemented through:
a) Budgetary provisions
b) Legislation
c) Executive action
d) All of the above
87. 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
88. The Finance Commission’s recommendations are based on the principle of:
a) Fiscal federalism
b) Fiscal consolidation
c) Fiscal deficit
d) Fiscal responsibility
89. 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
90. The Finance Commission’s recommendations are primarily aimed at achieving:
a) Horizontal equity
b) Vertical equity
c) Fiscal stability
d) All of the above
