UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          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

    C) 1 and 3            

    D)        1, 2 and 3

    Correct Answer: A

    Solution :

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


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