{"id":4198,"date":"2024-03-05T16:02:33","date_gmt":"2024-03-05T16:02:33","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=4198"},"modified":"2024-03-05T16:02:33","modified_gmt":"2024-03-05T16:02:33","slug":"the-extent-of-money-transfer-to-the-states-out-of-sharable-pool-of-tax-collection-according-to-the12th-finance-commission-has-been-fixed-at","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-extent-of-money-transfer-to-the-states-out-of-sharable-pool-of-tax-collection-according-to-the12th-finance-commission-has-been-fixed-at\/","title":{"rendered":"The extent of money transfer to the States out of sharable pool of Tax Collection according to, the12th Finance Commission has been fixed at"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a96e8cecd68f\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    29.0 percent                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    29.5 percent                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    30, 5 percent                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    32.0 percent                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (c) 30.5 percent.<\/p>\n<p>The 12th Finance Commission was constituted by the President of India on 29 December 2007. The Commission submitted its report on 15 December 2009. The Commission recommended that the extent of money transfer to the States out of sharable pool of Tax Collection should be fixed at 30.5 percent.<\/p>\n<p>The Commission made this recommendation after taking into account a number of factors, including the need to ensure fiscal stability of the States, the need to promote balanced regional development, and the need to provide adequate resources to the States to meet their developmental needs.<\/p>\n<p>The Commission&#8217;s recommendation was accepted by the Government of India and the States. The 14th Finance Commission has also recommended the same percentage of devolution to the States.<\/p>\n<p>The following are the options for the question:<\/p>\n<p>(a) 29.0 percent: This option is incorrect. The 12th Finance Commission recommended that the extent of money transfer to the States out of sharable pool of Tax Collection should be fixed at 30.5 percent, not 29.0 percent.<\/p>\n<p>(b) 29.5 percent: This option is incorrect. The 12th Finance Commission recommended that the extent of money transfer to the States out of sharable pool of Tax Collection should be fixed at 30.5 percent, not 29.5 percent.<\/p>\n<p>(c) 30.5 percent: This option is correct. The 12th Finance Commission recommended that the extent of money transfer to the States out of sharable pool of Tax Collection should be fixed at 30.5 <div class=\"youtube-subscribe-container\">\r\n     <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>    <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> percent.<\/p>\n<p>(d) 32.0 percent: This option is incorrect. The 12th Finance Commission recommended that the extent of money transfer to the States out of sharable pool of Tax Collection should be fixed at 30.5 percent, not 32.0 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The extent of money transfer to the States out of sharable pool of Tax Collection according to, the12th Finance Commission has been fixed at<\/title>\n<meta name=\"description\" content=\"The 12th Finance Commission was constituted by the President of India on 29 December 2007. The Commission submitted its report on 15 December 2009. 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