Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Current Affairs

Topic

Year 2024

Question:

The Sixteenth Finance Commission appointed by Indian Government in December 2023 will give its recommendations on distribution of tax revenues between the Union and the States in respect of which time period?

Options:

five-year period starting from April 1, 2024

five-year period starting from April 1, 2025

five-year period starting from April 1, 2026

five-year period starting from April 1, 2027

Correct Answer:

five-year period starting from April 1, 2026

Explanation:

The Sixteenth Finance Commission is expected to submit its comprehensive report by October 31, 2025, covering a five-year period starting from April 1, 2026.