14th Finance commission - Recommendation

Q.  Which of the following are major recommendations of 14th Finance Commission?
     
1. Fiscal deficit to be reduced to 3% of the GDP by 2017–18.
2. A target of 62% of GDP for the combined debt of center and states.
3. Initiatives to reduce the number of Central Sponsored Schemes(CSS).
- Published on 15 Sep 15

a. 1,2
b. 2,3
c. 1,3
d. All

ANSWER: All
 
14th Finance Commission has recommended an increase in the share of states in the centre's tax revenue from the current 32 per cent to 42 per cent. This is indeed the single largest increase ever recommended by a Finance Commission.

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