The NFC Award is ______?
Pak Study / National Awards — Multiple-choice practice
این ایف سی ایوارڈ کیا ہے؟
- A. Funds sharing formula within Federation
- B. None of these
- C. Electricity sharing formula within Federation
- D. Water sharing formula within Federation
Correct answer
Funds sharing formula within Federation
Explanation
Explanation The NFC Award is a financial distribution formula between the Federal Government and the provinces of Pakistan . The award decides how national revenues and taxes are shared among provinces and the center . Additional information : NFC stands for National Finance Commission . The first revenue-sharing award in Pakistan was the Raisman Award ( 1952 ). The Constitution of 1973 formally established NFC under Article 160 . The NFC Award is usually announced every 5 years . Last verified on 11-05-2026
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