Question

Powers shared by the federal government and state governments are known as

Answer 1

Powers shared by the federal government and state governments are known as concurrent powers.

Several powers belonging to the federal government are shared by state governments. Such powers are known as concurrent powers and includes the power to tax, spend, and borrow money.

These powers may be exercised simultaneously within the same territory, regarding to the same body of citizens, and in relation to the same subject-matter.