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The primary function of the Finance Commission in India is to
Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct?
Consider the following statements: In India, stamp duties on financial transactions are 1. levied and collected by the State Government 2. appropriate
The correct answer is option (a): Finance Commission. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2002, GS Paper 1, as Question 80. It falls under Indian Polity > Public Finance & Finance Commission.
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
UPSC has asked 13 questions from Public Finance & Finance Commission (under Indian Polity) across multiple years. Visit the topic page to see the full list and year-wise trends.