What is the Fifteenth Finance Commission's (XVFC) formula based on?

Question

1. Needs, equity and performance
2. Population only
3. Area and forest and ecology

 

Select the correct code

 

(a) 1 Only

(b) 2 and 3 Only

(c) 1 and 3 Only

(d) 1,2 and 3

Answer 1

Answer: (a) 3 only

 

Needs

 

Explanation: Population is given a higher weightage, but needs are given the highest weightage of 40%.