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 c

Question

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% 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.

Accepted Answer

(C) I, III and IV

Answer

(A) I, II and III

Answer

(B) I, II and IV

Answer

(D) II, III and IV