Consider the following statement regarding $14$ th finance commission.
$1$ . It was headed by Y. V. Reddy.
$2$ . It has increased the share of state from divisible pool of tax to $42 %$ .
$3$ . It has recommended distribution of grants to state for local bodies using $2011$ population data with weight of $90 %$ and area with weight of $10 %$ .
Choose the correct option.

Only

1

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1

and

2

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2

and

3

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All of these

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Solution

The correct option is D All of these
The 14th Finance Commission was constituted in January 2014. The Commission's chairman was former RBI governor Y. V. Reddy and its members were Sushma Nath, M. Govinda Rao, Abhijit Sen and Sudipto Mundle. The government has accepted FC’s recommendation to increase the devolution of tax receipts from the centre to the states to 42 percent. FC also recommended the distribution of grants of Rs 2 .88 lakh crore to states for strengthening duly elected gram panchayats and municipal bodies for five years. All the given statements are true here.

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Similar questions

Consider the following statements:

1) The 14^th Finance Commission recommended increasing in the share of tax devolution to 42% of total divisible pool from 32% during the 13^th Finance Commission.

2) Cess and Surcharges were not made the part of the divisible pool as it would have brought down the revenue of the Central Government.

3) The 14^th Finance Commission has recommended doing away with ‘post-devolution revenue deficit grants’; which was implemented after the recommendation of 13^th Finance Commission.

Select the correct statement(s):

Q. Consider the following statements about Finance Commision :

1. It recommends the distribution of the net proceeds of taxes to be shared between the Centre and the states, and the allocation between the states of the respective shares of such proceeds.
2. It recommends the principles that should govern the grants-in-aid to the states by the Centre (i.e., out of the consolidated fund of India).
3. The recommendations made by the Finance Commission are only of advisory nature and hence, not binding on the government.

Which of the above statements is/ are correct ?

Q. Choose the correct answer from the alternatives given.
Select the correct statements about 14th Finance Commission which submitted its report to President
1. It covers the period between 1 April, 2015 and 31 March, 2020.
2. The Commission headed by former RBI Governor Y.V. Reddy.
3. Provides for devolution of tax receipts form the Centre to the States.
4. Article 280 of Constitution provides for appointment of Finance Commission
5. 1st and 13th Finance Commission was headed by ICC. Neogy & Dr. Vijay Kelkar respectively.

Q. Q. Consider the following statements with respect to Finance Commission (FC):Which of the statements given above is/are correct?

Both 1 and 2
Neither 1 or 2
2 only
1 only

Consider the following statements regarding Grants-in-Aid to the States:
1. The provision of Statutory Grants to states is made under Article 282 of constitution.
2. The provision of Discretionary Grants to states is made under Article 275 of constitution.
3. The bases of Statutory Grants are recommendations of finance commission.
Which of the above statement(s) is/are correct?

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