In India, the state governments receive funds from the central governments through:
A. A shares of central taxes, as stipulated by Finance Commissions
B. Plan and non-plan grants
C. Plan and non-plan loans and advances
D. All of the above
Answer:D
In India, the state governments receive funds from the central governments through:
A. A shares of central taxes, as stipulated by Finance Commissions B. Plan and non-plan grants C. Plan and non-plan loans and advances D. All of the above
Explanation: State governments up to now have received funds from the Centre via different channels: a share of central taxes, as stipulated by the Finance Commissions; plan and non-plan grants and plan and non-plan loans and advances