Finance Commissions (Central and States)

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91. 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

Answer: b) Eleventh Finance Commission
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92. The Finance Commission’s recommendations are based on the principle of:
a) Merit
b) Need
c) Efficiency
d) Accountability

Answer: b) Need
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93. The Finance Commission’s recommendations are primarily aimed at promoting:
a) Fiscal prudence
b) Fiscal federalism
c) Fiscal transparency
d) All of the above

Answer: d) All of the above
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94. 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

Answer: c) Twelfth Finance Commission
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95. 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

Answer: d) All of the above
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