Consider the following statements and identify the right ones.
I- The 14th finance commission is headed by C. Rangarajan.
II- The recommendations of the commission will come into effect from April 1, 2015.

Only 1

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Only 2

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Both

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None

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Solution

The correct option is B Only 2
The 14th finance commission was appointed in 2013. It is headed by Y V Reddy.

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Similar questions

Q. Choose the correct answer from the alternatives given.
Select the correct statements about 14th Finance Commission which submitted its report to President
1. It covers the period between 1 April, 2015 and 31 March, 2020.
2. The Commission headed by former RBI Governor Y.V. Reddy.
3. Provides for devolution of tax receipts form the Centre to the States.
4. Article 280 of Constitution provides for appointment of Finance Commission
5. 1st and 13th Finance Commission was headed by ICC. Neogy & Dr. Vijay Kelkar respectively.

Consider the following statements:

1) The 14^th Finance Commission recommended increasing in the share of tax devolution to 42% of total divisible pool from 32% during the 13^th Finance Commission.

2) Cess and Surcharges were not made the part of the divisible pool as it would have brought down the revenue of the Central Government.

3) The 14^th Finance Commission has recommended doing away with ‘post-devolution revenue deficit grants’; which was implemented after the recommendation of 13^th Finance Commission.

Select the correct statement(s):

Q.  With reference to the State Finance Commission, consider the following statements:
1. The head of the commission is appointed by the Governor of the state.
2. Only the appointing authority has the power to remove the head of the commission.
Which of the above mentioned statements is/are correct?

With reference to Cess, consider the following statements:

1. Proceeds of Cess are distributed on the recommendation of Finance Commission.

2. Cess before levying needs to be passed through parliament by a simple majority.

3. Cess is earmarked for a particular purpose only and cannot be used for any other purpose.

Q. Consider the following statements about Finance Commision :

1. It recommends the distribution of the net proceeds of taxes to be shared between the Centre and the states, and the allocation between the states of the respective shares of such proceeds.
2. It recommends the principles that should govern the grants-in-aid to the states by the Centre (i.e., out of the consolidated fund of India).
3. The recommendations made by the Finance Commission are only of advisory nature and hence, not binding on the government.

Which of the above statements is/ are correct ?

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Consider the following statements and identify the right ones.I- The 14th finance commission is headed by C. Rangarajan.II- The recommendations of the commission will come into effect from April 1, 2015.

The correct option is B Only 2The 14th finance commission was appointed in 2013. It is headed by Y V Reddy.

Consider the following statements and identify the right ones.
I- The 14th finance commission is headed by C. Rangarajan.
II- The recommendations of the commission will come into effect from April 1, 2015.

The correct option is B Only 2
The 14th finance commission was appointed in 2013. It is headed by Y V Reddy.