14thFinance Commission recommended separate panel for Domestic Financial Institutions

Q.  Which edition of Finance Commission recommended that a dedicated panel should be constituted for domestic financial institutions (DFIs)?
- Published on 27 Feb 15

a. 12th
b. 13th
c. 14th
d. 15th

ANSWER: 14th
 
As per the 14th Finance Commission stated that domestic financial institutions (DFIs), such as public sector banks have a dominant role in the financial framework of the economy hence it is recommended that a Financial Sector Public Enterprises Committee (FSPEC) be appointed to examine and recommend parameters for appropriate future fiscal support to financial sector public enterprises.

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