What is the percentage weightage assigned to Forest and Ecology in the devolution formula given by the Fifteenth Finance Commission of India for sharing of Union tax revenue with the States ?
10%
15%
7.5%
2.5%
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2024
The 15th Finance Commission’s horizontal devolution formula included Population (2011), Area, Forest and Ecology, Income Distance, Demographic Performance, and Tax and Fiscal Effort.