Q66 · UPSC Prelims 2025 · Set A · Economy

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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

A I, II and III
B I, II and IV
C I, III and IV
D II, III and IV

Correct answer: (c) I, III and IV

Explanation

  1. A

    I, II and III

    I, II and III. That drops a keyed recommendation and/or keeps a false one.

  2. B

    I, II and IV

    I, II and IV. Not the official trio.

  3. C

    I, III and IV

    I, III and IV. The 15th Finance Commission recommendations keyed on this paper.

  4. D

    II, III and IV

    II, III and IV. Drops I.

Summary. Official Set A key is (c) I, III and IV. Read the 15th FC statements as a code: the official combination is I, III and IV — not the bundle that keeps II and drops I, and not all four.

Same topic · past papers

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  1. 2023 · Q88 · General Studies · 2 marks

    Consider the following statements : Statement-I : India accounts for 3.2% of global export of goods. Statement-II : Many local companies and some foreign companies operating in India have taken advantage of India's 'Production-linked Incentive' scheme. Which one of the following is correct in respect of the above statements?

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