15th Finance Commission recommendations: I. ₹4,800 cr for education (2022–26). II. 45% tax share to states. III. ₹45,000 cr for agricultural reforms. IV. Tax effort criteria reintroduced. Correct recommendations:

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Q: 37 (IAS/2025)
15th Finance Commission recommendations:
I. ₹4,800 cr for education (2022–26).
II. 45% tax share to states.
III. ₹45,000 cr for agricultural reforms.
IV. Tax effort criteria reintroduced.
Correct recommendations:

question_subject: 

Economics

question_exam: 

IAS

The 15th Finance Commission recommended ₹4,800 crore for education (statement I), ₹45,000 crore for agricultural reforms (statement III), and reintroduced the tax effort criteria (statement IV). However, it recommended a 42% tax share to states, not 45% (statement II is incorrect).