The *Finance Commission of India* is the constitutional body that determines the criteria for devolution of taxes from the divisible pool to the States.
It ensures that states get their share of resources from the central government.
Hence, the correct answer is (c).
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |
On the basis of the given data, estimate the value of National Income (NNPFC):
S.No. | Items | Amount (in ₹ Crore) |
(i) | Household Consumption Expenditure | 1,800 |
(ii) | Gross Business Fixed Capital Formation | 1,150 |
(iii) | Gross Residential Construction Expenditure | 1,020 |
(iv) | Government Final Consumption Expenditure | 2,170 |
(v) | Excess of Imports over Exports | 720 |
(vi) | Inventory Investments | 540 |
(vii) | Gross Public Investments | 1,300 |
(viii) | Net Indirect Taxes | 240 |
(ix) | Net Factor Income from Abroad | (-) 250 |
(x) | Consumption of Fixed Capital | 440 |
Match List-I with List-II and choose the correct answer:
Match List-I with List-II:
Who said this sentence –
Match List-I with List-II and choose the correct answer:
Match List-I with List-II and choose the correct answer: