Fiscal Federalism
Fiscal Federalism is a Polity concept from the MPSC syllabus, tested in 2 past MPSC questions (2021, 2023). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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Real questions that test this
प्रस्तुत उताऱ्यातून याची शिफारस करण्यात आली आहे : / The present passage recommends this :
(a)संघीय व्यवस्थेत स्वतंत्र वित्तीय प्राधिकरण असावे. / Independent financial authority in a federal system
(b)प्रत्येक सरकारला स्वतंत्र महसूल साधने असावीत. / Separate/Independent sources of revenue for each government
(c)कर आकारण्याचे स्वातंत्र्य असावे. / Powers to levy taxes
(d)संघीय कर महसूलाचे केंद्र व राज्य सरकारांत समान वाटप व्हावे. / Equal disribution of federal revenue between central and state government
A sound federal system requires independent financial authorities, separate revenue sources for each level of government, and adequate powers to levy taxes to ensure fiscal autonomy.
योजना निर्मिती आणि यशासाठी पुढील बाबींची गरज असते : The formulation and success of a plan require the following :
(a)नियोजन आयोग, आकडेवारी, उद्दिष्टे / Planning Commission, Statistical data, Objectives
(b)लक्षे आणि अग्रक्रम निश्चिती, संसाधन संकलन / Fixation of Targets and Priorities, Mobilisation of Resources
(c)अभ्रष्ट आणि कार्यक्षम प्रशासन, योग्य विकास धोरण / Incorrupt and Efficient Administration, Proper Development Policy
(d)प्रशासन काटकसर, शिक्षणाचा पाया / Economy in Administration, Education base
Successful economic planning requires a robust institutional setup like a planning body, accurate statistical data, clear objectives, target fixation, resource mobilization, efficient and corruption-free administration, and proper development policies.