A multilevel decentralized fiscal system involving sharing of fiscal responsibilities between central, state and local governments is referred to as:

Related MCQs

• The system of assigning the source of revenue to the Central as well as State Governments is generally referred to as
• Tax revenue sharing between the federal and sub-national governments is aimed at correcting which of the following type of imbalances?
• The horizontal fiscal imbalance that arises in a fiscal federation is also called:
• The role of the Finance Commission in Central-State fiscal relations has been undermined by
• If interest payments are subtracted from gross fiscal deficit, the remainder will be
• The term fiscal federalism was introduced by
• The theory of fiscal federalism assumes –
• Fiscal Crisis was carried in ................. period.
• The theory of fiscal policy derives from
• Fiscal Federalism refers to