Fiscal Federalism refers to:

CA Foundation · Business Economics · MTP · May 2026
Fiscal Federalism refers to:
(A) A. Sharing of political power between centre and states
(B) B. Organising and implementing economic plans (
(C) C. Division of economic functions and resources among different layers of Govt.
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Division of economic functions and resources among different layers of Govt.

Topics: Public Finance

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