What constitutional mechanism under Article 160 allocates divisible tax revenues between the federal government and the provinces?
Answer and explanation
Correct answer: B. The National Finance Commission (NFC) Award
- Step 1: The Article 160 of the Constitution of Pakistan, laid the foundation and legal basis of the National Finance Commission (NFC) and provides the logical framework of (NFC), in 1973. Answer: The National Finance Commission (NFC) Award. Why not the others: None of these fit: The State Bank Monetary Policy Committee allocation; The Federal Board of Revenue Discretionary Grant protocol; The Public Accounts Committee annual expenditure review.
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