26. The Finance Commission’s recommendations are primarily aimed at achieving:
a) Horizontal equity
b) Vertical equity
c) Fiscal stability
d) All of the above
27. 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
28. The Finance Commission’s recommendations are based on the principle of:
a) Merit
b) Need
c) Efficiency
d) Accountability
29. The Finance Commission’s recommendations are primarily aimed at promoting:
a) Fiscal prudence
b) Fiscal federalism
c) Fiscal transparency
d) All of the above
30. 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
