The system of assigning the source of revenue to the Central as well as State Governments is generally referred to as

Related MCQs

• A multilevel decentralized fiscal system involving sharing of fiscal responsibilities between central, state and local governments is referred to as:
• Tax revenue sharing between the federal and sub-national governments is aimed at correcting which of the following type of imbalances?
• Agriculture income tax is a source of revenue to
• The most important source of revenue to the states is
• The main source of revenue of federal government is:
• What is the biggest source of Income for the Central Government in the Union Budget 2020-21?
• The role of the Finance Commission in Central-State fiscal relations has been undermined by
• In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as:
• Which of the following is administrative non-tax revenue?
• Pick out the item which is not a part of tax revenue.