Current Affairs · Union Finances
The Sixteenth Finance Commission (FC-16) has defined 'Income Distance' for horizontal tax devolution based on which of the following calculations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between a state's per capita GSDP and the state with the highest per capita GSDP.
- 2The difference between a state's per capita GSDP and the average per capita GSDP of all states.
- 3The difference between a state's per capita GSDP and the national average GDP per capita.
- 4The difference between a state's per capita GSDP and the average per capita GSDP of the top three large states with the highest per capita GSDP.✓
Correct answer
The difference between a state's per capita GSDP and the average per capita GSDP of the top three large states with the highest per capita GSDP.
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