Economics · Economy

With reference to the Fifteenth Finance Commission, consider the following statements: I. It recommended that the States' share in the divisible pool of central taxes be retained at 41 per cent. II. It recommended revenue deficit grants, but did not recommend sector-specific grants. III. It recommended grants for local bodies, including Urban Local Bodies and Rural Local Bodies. Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

I and III only

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