Multiple choice general knowledge

As per recommendations of the Twelfth Finance Commission, percentage share of States of the shareable central taxes is?

  1. 28.5

  2. 29.5

  3. 30.5

  4. 32.4
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Twelfth Finance Commission (2005-2010) recommended that 30.5% of the net shareable central taxes be devolved to the states. This was an increase from the 11th Finance Commission's recommendation of 29.5%. The 13th Finance Commission later increased it further to 32%. These commissions recommend the fiscal devolution framework every five years.

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