Fifteenth Finance Commission of India
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Questions and Answers

What was the purpose of extending the term of the Fifteenth Finance Commission?

  • To finalize the terms of reference (ToR)
  • To examine comparable estimates for financial projection (correct)
  • To review the performance of the defence and internal security funding
  • To appoint new members to the commission

    • What did the Union Cabinet ask the Fifteenth Finance Commission to consider?

  • How to increase the funding for infrastructure projects
  • Who should lead the commission
  • Whether adequate, secure and non-lapsable funds could be provided for funding defence and internal security (correct)
  • When to submit the final report

    • What period was the Fifteenth Finance Commission supposed to cover in its report?

  • Five years commencing from 1 April 2020 (correct)
  • Seven years commencing from 1 July 2021
  • Three years commencing from 1 March 2019
  • Ten years commencing from 1 January 2018

    • Who approved the extension of the term of the Fifteenth Finance Commission?

    <p>The Union Cabinet chaired by Prime Minister Narendra Modi</p> Signup and view all the answers

    What was the specific task assigned to the Fifteenth Finance Commission by the Union Cabinet?

    <p>To consider how a distinct system to fund defence and internal security be operationalised</p> Signup and view all the answers

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