Finance Commissions (Central and States)

6. The Chairman of the Finance Commission is appointed by:
a) The President of India
b) The Prime Minister of India
c) The Speaker of the Lok Sabha
d) The Chief Justice of India

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7. The recommendations of the Finance Commission are binding on:
a) The President of India
b) The Prime Minister of India
c) The Parliament of India
d) The Supreme Court of India

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8. Which Finance Commission recommended the formation of the Goods and Services Tax (GST) Council?
a) Twelfth Finance Commission
b) Thirteenth Finance Commission
c) Fourteenth Finance Commission
d) Fifteenth Finance Commission

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9. The recommendations of the Finance Commission cover a period of:
a) 1 year
b) 2 years
c) 3 years
d) 5 years

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10. 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

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