current affairs MCQ #4874

The National Finance Commission (NFC) Award primarily determines:

current affairs MCQ #4874

  1. Question 1

    Q1. The National Finance Commission (NFC) Award primarily determines:

    • A) Defense budget allocation
    • B) Distribution of federal tax revenue among provinces
    • C) Foreign aid disbursement to provinces
    • D) Setting of provincial tax rates

    Answer: Distribution of federal tax revenue among provinces

    Explanation: The National Finance Commission (NFC) Award is a constitutionally mandated mechanism that determines how revenues collected by the federal government are distributed among the four provinces and the federal government.