The correct answer is (c) 2.25 percent.
The Fourteenth Finance Commission of India was constituted on 1 January 2013 by the President of India, Pranab Mukherjee. The Commission was tasked with recommending the devolution of central taxes and duties to the states for the period 2015-2020.
The Commission submitted its report on 15 December 2014. The report recommended that the share of Uttarakhand in the Union taxes received by states be 2.25 percent.
The Commission’s recommendation was based on a number of factors, including the state’s population, area, per capita income, and fiscal performance.
The Commission’s recommendation was accepted by the government of India. The share of Uttarakhand in the Union taxes received by states has been 2.25 percent since 2015.
Option (a) is incorrect. The share of Uttarakhand in the Union taxes received by states as recommended by the Fourteenth Finance Commission of India is 2.25 percent, not 1.05 percent.
Option (b) is incorrect. The share of Uttarakhand in the Union taxes received by states as recommended by the Fourteenth Finance Commission of India is 2.25 percent, not 2.50 percent.
Option (d) is incorrect. The share of Uttarakhand in the Union taxes received by states as recommended by the Fourteenth Finance Commission of India is 2.25 percent, not 3.59 percent.