📊 Public Finance
Q. Federalism refers to a
  • (A) relationship between the national and state governments.
  • (B) relationship among the state governments.
  • (C) political system in which power is vested in the state governments.
  • (D) political system in which power is vested in the national government.
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✅ Correct Answer: (A) relationship between the national and state governments.

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