Previous year MCQs

Current Affairs UPPSC 1997 GS-I
Question

According to the 10th Finance Commission, the share of States in the divisible pool of taxes will be:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: 42 per cent

Detailed Solution:

The correct answer is “42 per cent”.
The 14th Finance Commission significantly increased the share of states in the divisible pool of taxes from 32% to 42%. This was a major step towards fiscal federalism in India.

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