Fiscal Federalism and State Finances MCQ — 1 Practice Questions with Answers

Practice 1 Fiscal Federalism and State Finances multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Economy

Q1. In the NITI Aayog Fiscal Health Index 2026 released during the week of April 6-12, 2026, which state topped the overall rankings among major states, and which state was upgraded from Performer to Front Runner on the Quality of Expenditure pillar?

A Gujarat topped, Madhya Pradesh upgraded

B Maharashtra topped, Punjab upgraded

C Odisha topped, Rajasthan upgraded Correct

D Karnataka topped, Tamil Nadu upgraded

Explanation

The NITI Aayog Fiscal Health Index 2026 (based on FY 2023-24 CAG data) placed Odisha at the top with 73.1 points for the second consecutive year, while Rajasthan was upgraded from Performer to Front Runner on the Quality of Expenditure pillar; the index covers five pillars including revenue mobilisation, fiscal prudence, debt index and debt sustainability.

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Fiscal Federalism and State Finances MCQ — 1 Practice Questions with Answers

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