In Pakistan, the National Finance Commission Award mainly provides for:
Correct answer: A. Distribution of federal tax revenues between the federation and provinces
- A. Distribution of federal tax revenues between the federation and provinces
- B. Approval of the State Bank's annual monetary policy
- C. Regulation of imports through customs duties
- D. Allocation of agricultural land among provinces
Explanation
The National Finance Commission recommends the distribution of specified federal revenues between the federation and the provinces, as well as among the provinces. It does not set monetary policy or regulate customs administration.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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