Grants from the Centre to the States under the recommendations of Finance Commission are known as
Finance-Commission-recommended grants under the constitutional framework are termed statutory grants. Plan grants/development assistance and discretionary grants are…
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Grants from the Centre to the States under the recommendations of Finance Commission are known as
Answer and explanation
Correct answer C
Finance-Commission-recommended grants under the constitutional framework are termed statutory grants. Plan grants/development assistance and discretionary grants are distinct allocation channels, not this classification.
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UGC NET Economics