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Finance Commission India Quiz 1 (21 MCQs)

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1. Under the Article _____ of the Constitution of India has made provision for the appointment of a Finance Commission.
2. As per the recommendations of the 15th Commission, Horizontal devolution refers to the _____
3. Wilson Green sells home security systems. He earns an 11 percent commission on every system he sells. Wilson's sales for this month totaled $ 4265. What is Wilson's commission?
4. As per the 15th Finance Commission, in context to the performance based indicators and grants to states, which of the following is true?
5. Robert earns 3% commission on the sale of a $ 512, 800 home. What is his commission?
6. For horizontal devolution, the 15th Commission suggested _____ weightage to demographic performance, _____ to income, _____ each to population and area, 10% to forest and ecology and _____ to tax and fiscal efforts.
7. Danielle sells beauty supplies and earns a base salary of $ 450 per week plus a 9% commission on sales. During one particular week, she sells $ 895 worth of beauty supplies. How much money does she earn that week?
8. So far _____ Finance Commissions have been constituted.
9. Robert earns a weekly salary of $ 350 plus a 7% commission on sales. Last week, his sales totaled $ 3200. What was his TOTAL pay? commission + salary = total pay
10. Total 15th Finance Commission transfers (devolution + grants) constitutes about _____ of estimated Gross Revenue Receipts to the Union, leaving adequate fiscal space to meet its resource requirements and spending obligations on national development priorities.
11. Randy gets fixed salary of $ 2000 per month and a commission of 2% on sales. If his total sales are $ 30, 000 for the month, find his total salary for the month.
12. Derek sells appliances. He is paid a 6.5 percent commission on every appliance he sells. Derek sold $ 9, 732.00 worth of appliances this week. What is Derek's commission?
13. The 15th Finance Commission was constituted in November 2017 under the chairmanship of _____ .
14. Emma earns 8% commission on all clothing she sells. Last month she earned $ 192 in commission. How much merchandise did she have to sell in total?
15. Jay makes $ 9 an hour plus a 12.5% commission selling jewelry. How much does she earn on an 8 hour shift in which she sells $ 380 worth of jewelry?
16. Pierre, an art dealer, earns 25% commission of the dollar value of the art pieces that he sells at the Bizzell Gallery. Pierre earns $ 10, 800 this month. What is the total dollar value of the art that he sells?
17. As per the 15th FC, Million-Plus City Challenge Fund (MCF) amount is linked to the performance of these cities in improving their _____ and meeting the service level benchmarks for urban _____, _____ and _____ .
18. Which one of the following is the function of Finance Commission?
19. Ms. DeMedici earns a weekly salary of $ 290 plus a 5.5% commission on sales at a gift shop. How much would she make in a week (TOTAL PAY) if she sold $ 5700 worth of merchandise? commission + salary = total pay
20. *A little more challenging* A salesperson made $ 890.50 selling $ 6850 worth of electronic equipment. Find the commission rate.
21. It has recommended post-devolution revenue deficit grants amounting to about Rs. _____ over the five-year period ending FY26.

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