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The first finance commission was constituted in
Correct Answer Is : 1951 The distribution of finances between centre and states is done on the recommendation of Correct Answer Is : Finance Commission In India, planned economy is based on Correct Answer Is : Socialist System GDP at factor cost is Correct Answer Is : GDP minus indirect taxes plus subsidies Per Capital Income is obtained by dividing National Income by Correct Answer Is : Total population of the country Structural unemployment arises due to Correct Answer Is : Heavy industry bias Labour is considered as a king under Correct Answer Is : Communism Which one of the following denotes an enterprise? Correct Answer Is : Working capital Economics classifies the man-made instrument of production as Correct Answer Is : Capital How does agriculture promote the Indian industrial development ? Correct Answer Is : By supplying raw materials