Multiple choice

Which of the following is / are correct?

  1. The 13th Finance Commission has recommended for reducing number of centrally sponsored schemes.
  2. The implementation duration of 13th Finance Commission is 2010-15.
  3. Finance Commission looks after the economic development in the country.

  1. 1 and 2

  2. Only 2

  3. Only 3

  4. 1, 2 and 3

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statement 1 is correct. Among the recommendations of 13th Finance Commission, one is to reduce the number of Centrally Sponsored Schemes (CSS) and to restore the predominance of formula-based plan transfers.

Statement 2 is correct. The period of implementation of Finance Commission Report is 2010-15. Statement 3 is wrong. The function of Finance Commission is in determining the revenue gap in each state and to fill such gaps it provides schemes of devolution partly by distribution of taxes and duties and partly by grants-in-aid.

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