The Finance Commission Does All the Following Functions Except One

question 16

Multiple Choice

The Finance Commission does all the following functions except one, which is that?

• A)works out allocation of taxes in the divisible pool
• B)looks into financial relations between the centre and the states
• C)allocates grants ? in - aid to the states and union territories
• D)assist the planning commission in making 5 year plans.

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Definitions:

Merit Pay System

A compensation strategy that rewards employees based on their job performance, typically involving evaluations and performance metrics to determine pay increases.

Pay Increases

Adjustments to salary or wages to enhance an employee's compensation.

Performance Contributions

The measurable output or results produced by an employee that contribute to the organization's objectives.

Skills-based Pay

A compensation system that rewards employees for the range, depth, and types of skills and knowledge they are capable of using in their work, rather than their job title or position.