21. The Finance Commission’s recommendations are submitted to:
a) The President of India
b) The Prime Minister of India
c) The Parliament of India
d) The Supreme Court of India
22. The Finance Commission’s recommendations are implemented through:
a) Budgetary provisions
b) Legislation
c) Executive action
d) All of the above
23. 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
24. The Finance Commission’s recommendations are based on the principle of:
a) Fiscal federalism
b) Fiscal consolidation
c) Fiscal deficit
d) Fiscal responsibility
25. 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
