economics medium Fill in the Blank

According to the recommendations of the 15th Finance Commission, the vertical devolution (states' share) in the divisible pool of central taxes is kept at ___%.

  1. 41
  2. NDTL
  3. low (or zero / no)
  4. Countercyclical

Answer: 41

The 15th Finance Commission, chaired by N.K. Singh, recommended a 41% share for the states. This is 1% lower than the 42% recommended by the 14th FC, with the adjustment made to account for the creation of the new Union Territories of Jammu & Kashmir and Ladakh.

Topic Public Finance - Institutions
Exam Relevance UPSC Prelims, SSC CGL
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