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UPSC 2015: With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? 1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent. 2. It has made recommendations concerning sector-specific grants. Select the correct answer using the code given below.
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (a) 1 only
The 14th Finance Commission raised States’ share in the divisible pool of central taxes from 32 % to 42 %. It expressly refrained from recommending separate sector-specific (or state-specific) grants, unlike the 13th FC. Thus statement 1 is correct and statement 2 is not, so option (a) is right. ([economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/economy/finance/14th-finance-commission-government-accepts-recommendations-gives-higher-share-to-states-in-central-taxes/articleshow/46355198.cms?from=mdr&utm_source=openai))
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What is the correct answer to this UPSC 2015 Indian Economy question?▼
The correct answer is option (a): 1 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2015, GS Paper 1, as Question 2. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
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UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.