Match List-I with List-II.
| List-I | List-II |
|---|---|
| A. 14th Finance Commission | I. Vertical Tax Devolution 41 percent |
| B. 15th Finance Commission | II. Vertical Tax Devolution 42 percent |
| C. 12th Finance Commission | III. State's share 32% of the central taxes |
| D. 13th Finance Commission | IV. State's share 30.5 percent of central taxes |
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Fiscal federalism and Finance Commissions has come up 30 times in 5 exams since 2012.
This question is on Finance Commissions and devolution, part of Fiscal federalism and Finance Commissions in Public Economics.
The constitutional body that recommends how tax revenue is shared between the Union and the states.
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Question from the UGC-NET 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.