ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      In the 16th Finance CommissionтАЩs criteria for tax

      devolution, which criterion has the highest weight and what is that weight?
      A Population (2011) тАУ 17.5% Correct Answer Incorrect Answer
      B Income Distance тАУ 42.5% Correct Answer Incorrect Answer
      C Forest Cover тАУ 10% Correct Answer Incorrect Answer
      D Area тАУ 10% Correct Answer Incorrect Answer
      E Contribution to GDP тАУ 10% Correct Answer Incorrect Answer

      Solution

      Income Distance carries the largest weight of 42.5% in the 16th Finance CommissionтАЩs tax devolution formula. This criterion is designed to promote equity by directing a higher share of tax devolution to lower-income states. Income Distance is defined as the difference between a stateтАЩs per capita GSDP and the average per capita GSDP of the top three states.

      Practice Next
      More Beepedia Questions
      ask-question