MCQ on Finance Commission of India – Indian Polity
Q1. Which article of the Indian Constitution deals with the establishment of the Finance Commission?
a) Article 275
b) Article 276
c) Article 280
d) Article 281
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Correct Answer: c) Article 280
Explanation: Article 280 of the Indian Constitution deals with the establishment of the Finance Commission.
Q2. Who appoints the Chairman and members of the Finance Commission?
a) President of India
b) Prime Minister of India
c) Finance Minister of India
d) Chief Justice of India
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Correct Answer: a) President of India
Explanation: The President of India appoints the Chairman and members of the Finance Commission.
Q3. What is the duration of the Finance Commission?
a) 3 years
b) 4 years
c) 5 years
d) 6 years
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Correct Answer: c) 5 years
Explanation: The Finance Commission is constituted every five years by the President of India.
Q4. What are the qualifications required for the members of the Finance Commission?
a) Judges of a High Court
b) Special knowledge of the finances and accounts of the Government
c) Wide experience in financial matters and administration
d) All of the above
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Correct Answer: d) All of the above
Explanation: The qualifications required for the members of the Finance Commission include being a judge of a high court or one qualified to be appointed as one, having specialized knowledge of finance and accounts of the government, and having wide experience in financial matters and administration.
Q5. Which of the following is a function of the Finance Commission?
a) Distribution of net proceeds of taxes between the Union and the States
b) Formulating foreign policy for the Government of India
c) Conducting examinations for appointment to the services of the state
d) Direct recruitment by selection through interviews
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Correct Answer: a) Distribution of net proceeds of taxes between the Union and the States
Explanation: The Finance Commission is responsible for making recommendations to the President of India on the distribution of net proceeds of taxes between the Union and the States.
Q6. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Determining the principles governing grants-in-aid to the states
d) Direct recruitment by selection through interviews
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Correct Answer: c) Determining the principles governing grants-in-aid to the states
Explanation: The Finance Commission is responsible for determining the principles governing grants-in-aid to the states.
Q7. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Measures needed to augment the Consolidated Fund of a State
d) Direct recruitment by selection through interviews
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Correct Answer: c) Measures needed to augment the Consolidated Fund of a State
Explanation: The Finance Commission is responsible for suggesting measures needed to augment the Consolidated Fund of a State.
Q8. Which of the following is NOT a function of the Finance Commission?
a) Distribution of net proceeds of taxes between the Union and the States
b) Formulating foreign policy for the Government of India
c) Determining the principles governing grants-in-aid to the states
d) Measures needed to augment the Consolidated Fund of a State
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Correct Answer: b) Formulating foreign policy for the Government of India
Explanation: Formulating foreign policy for the Government of India is not a function of the Finance Commission.
Q9. Which article of the Indian Constitution deals with the functions of the Finance Commission?
a) Article 280
b) Article 281
c) Article 282
d) Article 283
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Correct Answer: a) Article 280
Explanation: Article 280 of the Indian Constitution deals with the functions of the Finance Commission.
Q10. Who was the Chairman of the 14th Finance Commission?
a) K.C. Neogy
b) C. Rangarajan
c) Y.V. Reddy
d) Vijay Kelkar
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Correct Answer: c) Y.V. Reddy
Explanation: Y.V. Reddy was the Chairman of the 14th Finance Commission.
Q11. Who is the Chairman of the 15th Finance Commission?
a) N.K. Singh
b) Y.V. Reddy
c) C. Rangarajan
d) Vijay Kelkar
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Correct Answer: a) N.K. Singh
Explanation: N.K. Singh is the Chairman of the 15th Finance Commission.
Q12. Which part of the Indian Constitution deals with the Finance Commission?
a) Part XI
b) Part XII
c) Part XIII
d) Part XIV
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Correct Answer: b) Part XII
Explanation: Part XII of the Indian Constitution deals with the Finance Commission, covering Articles 280 to 281.
Q13. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Determining the principles governing grants-in-aid to the states
d) Direct recruitment by selection through interviews
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Correct Answer: c) Determining the principles governing grants-in-aid to the states
Explanation: Determining the principles governing grants-in-aid to the states is one of the functions of the Finance Commission.
Q14. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Measures needed to augment the Consolidated Fund of a State
d) Direct recruitment by selection through interviews
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Correct Answer: c) Measures needed to augment the Consolidated Fund of a State
Explanation: Measures needed to augment the Consolidated Fund of a State is one of the functions of the Finance Commission.
Q15. Which of the following is NOT a function of the Finance Commission?
a) Distribution of net proceeds of taxes between the Union and the States
b) Formulating foreign policy for the Government of India
c) Determining the principles governing grants-in-aid to the states
d) Measures needed to augment the Consolidated Fund of a State
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Correct Answer: b) Formulating foreign policy for the Government of India
Explanation: Formulating foreign policy for the Government of India is not a function of the Finance Commission.
Q16. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Distribution of net proceeds of taxes between the Union and the States
d) Direct recruitment by selection through interviews
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Correct Answer: c) Distribution of net proceeds of taxes between the Union and the States
Explanation: Distribution of net proceeds of taxes between the Union and the States is one of the functions of the Finance Commission.
Q17. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Conducting examinations for appointment to the services of the state
d) Direct recruitment by selection through interviews
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Correct Answer: a) Advising the President on disciplinary matters
Explanation: Advising the President on disciplinary matters is one of the functions of the Finance Commission.
Q18. Which of the following is a function of the Finance Commission?
a) Advising the President on disciplinary matters
b) Formulating foreign policy for the Government of India
c) Conducting examinations for appointment to the services of the state
d) Direct recruitment by selection through interviews
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Correct Answer: d) Direct recruitment by selection through interviews
Explanation: Direct recruitment by selection through interviews is one of the functions of the Finance Commission.
Q19. Which part of the Indian Constitution deals with the Finance Commission?
a) Part XI
b) Part XII
c) Part XIII
d) Part XIV
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Correct Answer: b) Part XII
Explanation: Part XII of the Indian Constitution deals with the Finance Commission, covering Articles 280 to 281.
Q20. Which article of the Indian Constitution deals with the expenses of the Finance Commission?
a) Article 280
b) Article 281
c) Article 282
d) Article 283
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Correct Answer: b) Article 281
Explanation: Article 281 of the Indian Constitution deals with the expenses of the Finance Commission.