Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct?
I. It has recommended grants of ₹4,800 crores from the year 2022-23 to the year 2025-26 for incentivizing States to enhance educational outcomes.
II. 45 percent of the net proceeds of Union taxes are to be shared with States.
III. ₹45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms.
IV. It reintroduced tax effort criteria to reward fiscal performance.

Select the correct answer using the code given below.

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Apedia · Accepted Answer

Correct Answer: I, III and IV.

Explanation: Statement II is incorrect because the 15th Finance Commission recommended a 41 percent share for states in the central divisible pool, not 45 percent. Statements I, III, and IV correctly outline specific sector and performance-based grants recommende...

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