According to the 15th Finance Commission’s recommendations, how much share will Bihar receive in divisible pool of Central taxes from 2021-26?
Detailed Explanation:
The 15th Finance Commission (2021-26) allocated Bihar 10.052% of the total divisible pool of Central taxes. This translates to 4.12% when considering Bihar's share in the overall distribution framework recommended by the Commission.
The Commission increased Bihar's allocation compared to the 14th FC, recognizing the state's fiscal needs, population, and developmental backwardness.
Therefore, Bihar receives 4.12% share, making Option 1 the correct answer.
Question 5 of 5 Finance Commission
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With reference to the Finance Commission of India, consider the following statements...
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