Q1. In the context of central taxation of petrol and diesel, the term 'divisible pool' refers to which one of the following?
- A. The portion of the Centre's tax revenue that is shared with States as per the Finance Commission's recommendations
- B. The total excise duty collected by the Centre on petrol and diesel in a financial year
- C. The cess and surcharge revenue retained entirely by the Union Government
- D. The pool of State VAT collections distributed among consuming States