{"id":958,"date":"2024-03-05T15:09:00","date_gmt":"2024-03-05T15:09:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=958"},"modified":"2024-03-05T15:09:00","modified_gmt":"2024-03-05T15:09:00","slug":"what-percentage-of-central-tax-revenue-has-been-recommended-for-allocation-to-the-states-by-the-thirteenth-finance-commission","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-percentage-of-central-tax-revenue-has-been-recommended-for-allocation-to-the-states-by-the-thirteenth-finance-commission\/","title":{"rendered":"What percentage of central tax revenue has been recommended for allocation to the States by the Thirteenth Finance Commission ?"},"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_6a9862f59d719\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    30.50%                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    31.00%                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    32.00%                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    32.50%                <\/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) 32.0%.<\/p>\n<p>The Thirteenth Finance Commission (TFC) was constituted by the President of India on <div class=\"youtube-subscribe-container\">\r\n        <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 <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> 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> 29 December 2004 to recommend the principles governing the sharing of central taxes between the Centre and the States for the period 2005-10. The TFC submitted its report on 14 December 2005.<\/p>\n<p>One of the key recommendations of the TFC was that the share of central taxes to be allocated to the States should be increased from 29.5% to 32.0%. This recommendation was accepted by the Central Government and implemented from 1 April 2006.<\/p>\n<p>The TFC also recommended that the share of central taxes to be allocated to the States should be based on a formula that takes into account the following factors:<\/p>\n<ul>\n<li>Population<\/li>\n<li>Area<\/li>\n<li>Income<\/li>\n<li>Fiscal capacity<\/li>\n<li>Tax effort<\/li>\n<\/ul>\n<p>The TFC&#8217;s recommendations have had a significant impact on the finances of the States. The increase in the share of central taxes has helped the States to improve their fiscal position and to provide better services to their citizens.<\/p>\n<p>The following are the brief descriptions of each option:<\/p>\n<ul>\n<li>Option (a): 30.5%. This was the share of central taxes that was allocated to the States for the period 2000-05.<\/li>\n<li>Option (b): 31.0%. This was the share of central taxes that was recommended by the Twelfth Finance Commission for the period 2005-10.<\/li>\n<li>Option (c): 32.0%. This is the share of central taxes that has been recommended by the Thirteenth Finance Commission for the period 2005-10.<\/li>\n<li>Option (d): 32.5%. This is the share of central taxes that was recommended by the Fourteenth Finance Commission for the period 2010-15.<\/li>\n<\/ul>\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>What percentage of central tax revenue has been recommended for allocation to the States by the Thirteenth Finance Commission ?<\/title>\n<meta name=\"description\" content=\"The Thirteenth Finance Commission (TFC) was constituted by the President of India on 29 December 2004 to recommend the principles governing the sharing of central taxes between the Centre and the States for the period 2005-10. 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The TFC submitted its report on 14 December 2005.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/what-percentage-of-central-tax-revenue-has-been-recommended-for-allocation-to-the-states-by-the-thirteenth-finance-commission\/","og_locale":"en_US","og_type":"article","og_title":"What percentage of central tax revenue has been recommended for allocation to the States by the Thirteenth Finance Commission ?","og_description":"The Thirteenth Finance Commission (TFC) was constituted by the President of India on 29 December 2004 to recommend the principles governing the sharing of central taxes between the Centre and the States for the period 2005-10. 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