Site navigation

In which of the following year, all tax revenues of Centre have become shareable among the Centre and…

Following the recommendations of the Tenth Finance Commission for an Alternative Scheme of Devolution, Parliament enacted the Constitution (Eightieth Amendment) Act in 2000…

Choose your answer

In which of the following year, all tax revenues of Centre have become shareable among the Centre and States ?

Select one answer
Answer and explanation

Correct answer A

Following the recommendations of the Tenth Finance Commission for an Alternative Scheme of Devolution, Parliament enacted the Constitution (Eightieth Amendment) Act in 2000 AD. This amendment amended Article 270 of the Constitution so that all central taxes (rather than only income tax and union excise duties) were pooled into a single divisible pool to be shared between the Centre and the States. Thus, (2000 AD) is correct.

Practice for these exams

  • UGC NET Economics

Related question papers

Related exam syllabi

Related questions in this topic