38. Which of the following statements stands true regarding the sources of revenue in a federal system? (a) States have all the financial powers. (b) States are dependent on the central government for finance and revenue. (c) Sources of revenue for every tier of government are clearly specified in the constitution to ensure its financial autonomy. (d) The Centre depends on states for revenues.
Answers
Answered by
1
C) Sources of revenue for every tier of government are clearly specified in the constitution to ensure its financial autonomy.
Similar questions