Q1. Which one of the following best describes the 'Urbanisation Premium Grant' recommended by the 16th Finance Commission for Urban Local Governments?
- A. A performance-linked annual grant disbursed to municipal corporations on achieving property-tax buoyancy targets
- B. A one-time grant to states to incentivise merger of peri-urban villages into urban local bodies and formulation of a rural-to-urban transition policy
- C. A basic untied per-capita grant indexed to the floating urban population estimated by the 2026 SECC
- D. A capital subsidy for cities with population between 10 lakh and 40 lakh to fund metro-rail last-mile connectivity