Maharashtra State Service Pre 2026 PracticeMedium
Q.With reference to the 16th Finance Commission of India, consider the following statements: (a) It is constituted by the President of India under Article 280 of the Constitution. (b) Dr. Arvind Panagariya was appointed as the Chairman of the 16th Finance Commission. (c) The recommendations made by the Finance Commission regarding the distribution of net tax proceeds are binding on the Union Government. Which of the statements given above is/are incorrect?
a
(1) Only (c)
b
(2) Only (a) and (b)
c
(3) Only (b) and (c)
d
(4) None of the above
Correct Answer: Option A
The correct solution involves applying the fundamental concept to derive the final value step by step...