With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?
1.It has increased the share of States in the central divisible pool from 32 percent to 42 percent.
2.It has made recommendations concerning sector-specific grants.
- I only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- Explanation:
The 14th Finance Commission has increased the share of States in the central divisible pool from 32 percent to 42 percent.The commission confined itself to recommending grants for revenue deficit, disaster relief and local bodies and desisted from giving environmental, sectoral and other specific grants.