Indian Polity · Polity and Governance
Consider the following statements regarding vertical fiscal devolution in India: A. It refers to the distribution of divisible central tax revenue between Union and States. B. The formula and percentage for vertical devolution are recommended by the Finance Commission. C. Vertical devolution depends strictly and solely on total state population. D. It serves as a constitutional mechanism to promote fiscal federalism. Which of the above statements are CORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, B and D only✓
- 2A and C only
- 3B and C only
- 4A, B, C and D
Correct answer
A, B and D only
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