Unit-10 Fiscal Federalism
In this unit, we discuss: (i) the principles on which the devolution of functions and revenue sharing is based; (ii) the types of fiscal imbalance that arises in the process and methods by which fiscal adjustment are sought to be established; and (iii) the institutional arrangements that exist in India to recommend the norms for effecting fiscal transfers and allocate the budgetary resources among the states in the federal system.
You can take our Multiple Choice tests on this unit and see the results. You are welcome to take this test multiple times.
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Solution :
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