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Question
What is true regarding sources of revenue in a federal system?
Options
States have no financial powers or independent sources of revenue.
States are dependent on revenue or funds from the central government.
Sources of revenue for each level of government are clearly specified to ensure its financial autonomy.
States have no financial autonomy.
MCQ
Solution
Sources of revenue for each level of government are clearly specified to ensure its financial autonomy.
shaalaa.com
Concept of Federalism
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