New variables for tax devolution by Fourteenth Finance Commission - Budget & Economic Survey

Q.  Relative to the Thirteenth Finance Commission, the Fourteenth Finance Commission (FFC) has incorporated which of the following new variables for tax devolution?

1) 2011 Population
2) Fiscal Discipline of States
3) Forest Cover
4) Human Development Index (HDI) of the state
- Published on 06 Aug 15

a. Only 1 and 3
b. Only 1, 2 and 3
c. Only 1, 2 and 4
d. Only 2 and 4

ANSWER: Only 1 and 3
 
The FFC has incorporated two new variables: 2011 population and forest cover; and excluded the fiscal discipline variable.

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