Which one of the following is NOT a function of Finance Commission in India?

CA Foundation · Business Economics · MTP · January 2026
Which one of the following is NOT a function of Finance Commission in India?
(A) A. Devolution of Income Tax
(B) B. Devolution of Excise Duty
(C) C. Award of grants-in-aid
(D) D. Devolution of Trade Tax

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Devolution of Trade Tax

Topics: Public Finance

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