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UPSC CSE Prelims Statement Validity — Fiscal Federalism, External Sector & Economic Survey Flashcards

Master 10 statement validity — fiscal federalism, external sector & economic survey concepts for the UPSC CSE Prelims.

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Question

Consider the following statements regarding the Finance Commission:

  1. It recommends the vertical devolution of taxes between the Centre and States.
  2. It recommends the horizontal distribution of taxes among the individual States.

Which of the statements given above is/are correct?

Question

Consider the following statement: Grants-in-aid to states under Article 275 require annual Parliamentary approval through the voting of demands for grants.

Is this statement correct?

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