Consider the following: 1. Demographic performance 2. Forest and ecology 3. Governance reforms 4. Stable government 5. Tax and fiscal efforts For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population, area and income distance?

Consider the following statements about the latest developments in the Union Government finances : 1. The fiscal deficit of the Union Government had reached 9.2 percent of GDP during the pandemic FY2…

With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? 1. It has increased the share of States in the central divisible pool from 32 percent to 42 perc…

Consider the following actions by the Government: 1. Cutting the tax rates 2. Increasing the government spending 3. Abolishing the subsidies In the context of economic recession which of the above ac…

With reference to the Indian economy, consider the following statements : 1. A share of the household financial savings goes towards government borrowings. 2. Dated securities issued at market-relate…

With reference to the Finance Commission of India, consider the following statements: 1. The Finance Commission is a statutory body. 2. The Finance Commission was set up under Article 280 of the Cons…