Finance Commission
Finance Commission is a Polity concept from the MPSC syllabus, tested in 9 past MPSC questions across 7 exam years between 2016 and 2023. Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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खालीलपैकी कोणत्या देशानी संघीय वित्त व्यवस्था स्वीकारली आहे ? / Which of the following countries have adopted a federal system of government finance ?
Federal systems of government finance involve specific constitutional division of taxation powers and revenue sharing between federal and sub-national units, seen in classical federal models.
केंद्र-राज्य संघर्षात व राज्यांना वित्तीय स्वायत्तता प्रदान करण्याच्या संदर्भात काय खरे नाही? अ. स्वातंत्र्यापासून केन्द्र आपले कार्य क्रमाने अशा रीतीने वाढवत आहे की राज्ये केन्द्रावर पूर्णपणे विसंबून राहातात. ब. केन्द्राचे वित्तीय स्रोत लवचिक नाहीत. What is not true in connection with the Centre-State conflict and granting of fiscal autonomy to the states? a. Since independence, the Centre has been gradually extending its functions in such a way that the states remain completely dependent upon it. b. The financial resources of the Centre are inelastic.
(a)स्वातंत्र्यापासून केन्द्र आपले कार्य क्रमाने अशा रीतीने वाढवत आहे की राज्ये केन्द्रावर पूर्णपणे विसंबून राहातात. / Since independence, the Centre has been gradually extending its functions in such a way that the states remain completely dependent upon it.
(b)केन्द्राचे वित्तीय स्रोत लवचिक नाहीत. / The financial resources of the Centre are inelastic.
Statement a is true because the Centre has steadily expanded its role, making states financially dependent. Statement b is false because the financial resources of the Centre are actually elastic (expansive sources like income tax, GST, corporate tax), whereas states' resources are often described as inelastic. Therefore, only statement b is not true.
पुढीलपैकी बिगर-घटनात्मक संस्था कोणती/कोणत्या आहेत ? Which of the following is/are non-constitutional body/bodies ?
(a)I. नीति आयोग / NITI Aayog
(b)II. राज्य वित्त आयोग / State Finance Commission
(c)III. राष्ट्रीय मागासवर्गीय आयोग / National Commission for Backward Classes
(d)IV. केंद्रीय माहिती आयोग / Central Information Commission
NITI Aayog (established via executive resolution in 2015) and Central Information Commission (established under the RTI Act, 2005) are non-constitutional bodies. State Finance Commission (Article 243I) and National Commission for Backward Classes (Article 338B) are constitutional bodies.
योग्य विधान/विधाने ओळखा. / Identify the correct statement/statements.
(a)संघीय व्यवस्था केंद्र आणि राज्य सरकारमधील वित्तीय संबंध निश्चित करत नाही. / Federal system of government does not define the financial relations between the central and state governments.
(b)संघीय व्यवस्था राज्य सरकारामधील वित्तीय संबंध निश्चित करते. / Federal system of government defines the financial relations among the state governments.
(c)संघीय व्यवस्था केंद्र आणि राज्य सरकारा मधील वित्तीय संबंध निश्चित करते. / Federal system of government defines the financial relations between the central and the state governments.
(d)संघीय सरकार व्यवस्था स्थानिक सरकारा मधील वित्तीय संबंध निश्चित करते. / Federal system of government defines the financial relations between the local governments.
A federal system constitutionally defines and delineates the financial and legislative relations between the central government and the constituent state governments.
15 व्या वित्त आयोगाचे अध्यक्ष कोण आहेत ? Who is the Chairman of the 15th Finance Commission?
N.K. Singh (Nand Kishore Singh) was appointed as the Chairman of the 15th Finance Commission of India.