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Questions and Answers
What was the purpose of extending the term of the Fifteenth Finance Commission?
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?
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?
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?
Who approved the extension of the term of the Fifteenth Finance Commission?
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What was the specific task assigned to the Fifteenth Finance Commission by the Union Cabinet?
What was the specific task assigned to the Fifteenth Finance Commission by the Union Cabinet?
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