FINANCE COMMISSION AND PLANNING : PREVIOUS YEAR QUESTIONS :: ECONOMICS

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2012

Which of the following is/are among the noticeable features of the recommendations of the Thirteenth Finance Commission?

1. A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design.

2. A design for the creation of lakhs of jobs in the next ten years in consonance with India’s demographic dividend.

3. Devolution of a specified share of central taxes to local bodies as grants.

Select the correct answer using the codes given below:

(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

c

 

2014

Which of the following are associated with ‘Planning’ in India?

1. The Finance Commission

2. The National Development Council

3. The Union Ministry of Rural Development

4. The Union Ministry of Urban Development

5. The Parliament

Select the correct answer using the code given below.

(a) 1, 2 and 5 only

(b) 1, 3 and 4 only

(c) 2 and 5 only

(d) 1, 2, 3, 4 and 5 only

c

 

The main objective of the 12th Five-Year Plan is

(a) inclusive growth and poverty reduction.

(b) inclusive and sustainable growth.

(c) sustainable and inclusive growth to reduce unemployment.

(d) faster, sustainable and more inclusive growth.

ANS:D

 

2015

With Reference to the Fourteenth Finance Commission, which of the following statements is/are correct?
1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent
2. It has made recommendations concerning sector-specific grants
Select the correct answer using the code given below.
a) 1 only
b) 2 only
c) Both 1 and 2
c) Neither 1 nor 2
Solution: a)

 

2016

With reference to ‘Financial Stability and Development Council’, consider the following statements :

  1. It is an organ of NITI Aayog.
  2. It is headed by the Union Finance Minister.
  3. It monitors macro-prudential supervision of the economy.

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 3 only

(c) 2 and 3 only

(d) 1, 2 and 3

Solution: C

 

2019

With reference to India’s Five-Year Plans, which of the following statements is/are correct?

1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.

2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.

3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.

Select the correct answer using the code given below.

(a)1 and 2 only

(b)2 only

(c)3 only

(d)1, 2 and 3

ANS:A

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