Question : The 14th Finance Commission has recommended an increase in states' share in net proceeds from tax collection from 32% to
Option 1: 35%
Option 2: 40%
Option 3: 42%
Option 4: 45%

Question

Question : The 14th Finance Commission has recommended an increase in states' share in net proceeds from tax collection from 32% to

Option 1: 35%

Option 2: 40%

Option 3: 42%

Option 4: 45%

Team Careers360 · Accepted Answer

Correct Answer: 42%

Solution : The correct answer is 42%.

The following ways that the states were able to strengthen their fiscal position as a result of the 14th Finance Commission. The commission suggested raising the States' current 32% share of the Center's divisible tax pool to 42%. The states have been able to improve their fiscal position in several ways thanks to the 14th Finance Commission of India's recommendations, including increased funding devolution.

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Question : The 14th Finance Commission has recommended an increase in states' share in net proceeds from tax collection from 32% to
Option 1: 35%
Option 2: 40%
Option 3: 42%
Option 4: 45%

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Question : The 14th Finance Commission has recommended an increase in states' share in net proceeds from tax collection from 32% toOption 1: 35%Option 2: 40%Option 3: 42%Option 4: 45%

Related Questions

Question : What is octroi?Option 1: TaxOption 2: Tax collection centreOption 3: Tax processing centreOption 4: Tax information centre

Question : In an examination, 35% of total students failed in Hindi, 45% failed in English and 20% failed in both. Find the percentage of those students who passed in both subjects.Option 1: 45%Option 2: 35%Option 3: 20%Option 4: 40%

Question : The rate of tax increase as the amount of the tax base increases is calledOption 1: proportional taxOption 2: progressive taxOption 3: regressive tax Option 4: degressive tax

Question : Which of the following commissions recommended that “the appointment of governor should be non-partisan”?Option 1: Fazal Ali CommissionOption 2: Rajamannar CommissionOption 3: Sarkaria CommissionOption 4: Mandal Commission

Question : Which of the following is not provided in the constitution?Option 1: Election Commission Option 2: Finance CommissionOption 3: Public Service Commission Option 4: Planning Commission