Q1. With reference to the horizontal devolution formula recommended by the 16th Finance Commission for the period 2026-27 to 2030-31, consider the following criteria and their weights: 1. Income Distance — 42.5% 2. Population (Census 2011) — 17.5% 3. Tax and Fiscal Effort — 2.5% 4. Contribution to GDP — 10% Which of the above is/are correctly identified?
- Income Distance — 42.5%
- Population (Census 2011) — 17.5%
- Tax and Fiscal Effort — 2.5%
- Contribution to GDP — 10%
- A. 1 and 2 only
- B. 3 and 4 only
- C. 1, 2 and 4 only
- D. 1, 2, 3 and 4