Which of the following is a feature of the Indian fiscal federalism?
A. Absence of any sharing of taxes
B. Division of tax powers between Centre and States with Finance Commission recommendations
C. Only states collect all major taxes
D. Complete centralisation of all taxes
Answer: Option B
Solution (By JKSSB Mock Tests)
Indian fiscal federalism involves constitutional division of tax bases between the Centre and States, with the Finance Commission recommending the sharing of divisible taxes and grants.
Explanation:
Zero-price markets are those in which consumers pay no monetary price; the platform typically monetises through advertising, data sales or complementary paid services, raising distinctive issues for competition analysis.
Explanation:
Tobin's q is the ratio of the market value of a firm's capital to the replacement cost of that capital. Investment is encouraged when q > 1 and discouraged when q < 1.
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