Economics · Fiscal Federalism
The mismatch between revenue-raising powers and expenditure obligations between the central government and state governments is termed as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Horizontal fiscal imbalance
- 2Vertical fiscal imbalance✓
- 3Regional economic disparity
- 4Sub-central fiscal surplus
Correct answer
Vertical fiscal imbalance
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