Civil Services Examination · Question 76
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.
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Answer: (C) I, III and IV
Explanation
The 15th Finance Commission recommended a devolution share of 41% (not 45%), so II is incorrect; the education grants, agricultural reform incentive, and reintroduction of tax effort criteria are correct — verify the exact agricultural incentive figure against the official report.