Fiscal federalism refers to:

CA Foundation · Business Economics · MTP · September 2025
Fiscal federalism refers to:
(A) A. Sharing of political power
(B) B. Sharing of fiscal functions and resources
(C) C. Decentralization of planning
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Sharing of fiscal functions and resources

Topics: Public Finance

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