MPSC PYQ

MPSC Rajyaseva 2021 CSAT — Question 16

The correct answer with a full explanation. Practice this interactively instead →

खालीलपैकी कोणत्या देशानी संघीय वित्त व्यवस्था स्वीकारली आहे ? / Which of the following countries have adopted a federal system of government finance ?

1)यू.एस.ए. आणि कॅनडा फक्त / USA and Canada only
2)कॅनडा आणि भारत फक्त / Canada and India only
3)यू.एस.ए., कॅनडा आणि भारत फक्त / USA, Canada and India only✓ Correct
4)यू.के., फ्रान्स, जर्मनी आणि ऑस्ट्रीया / UK, France, Germany and Austria

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.