Financial Relations
Financial Relations is a Polity concept from the MPSC syllabus, tested in 2 past MPSC questions (2021). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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केंद्र आणि राज्य सरकार यांच्यातील वित्तीय संबंध ठरविणारे घटक कोणता/कोणते ? / What is/are a determinant/determinants of financial relations between the central and state government ?
Financial relations between the central and state governments are determined by multiple components including constitutional provisions, statutory bodies like the Finance Commission, grants-in-aid, and the division of taxation powers.
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.