Consider the following statements regarding Bihar's fiscal management and indicators in the context of the 15th Finance Commission's recommendations: 1. Bihar's own tax revenue as a percentage of its GSDP is historically lower than the national average of all states. 2. The state is highly dependent on central transfers, with central tax devolution and grants-in-aid accounting for more than 70% of its total revenue receipts. 3. The 15th Finance Commission recommended a post-devolution revenue deficit grant for Bihar for every single year of the 2021-26 period. Which of the statements given above are correct?
Options:
- A: 2 and 3 only
- B: 1 and 2 only
- C: 1 and 3 only
- D: 1, 2 and 3
Related Practice Questions:
- Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R): Assertion (A): The Cabinet Mission Plan of $1946$ officially recommended the immediate partition of India into two separate sovereign nations. Reason (R): The Mission concluded that a separate state of Pakistan would not solve the communal minority problem and would create serious defense and communication complications. In the context of the above statements, which of the following is correct?
- Who was the Premier of Bengal during the Direct Action Day riots in $August \text{ } 1946$$, who faced severe criticism for his administration's failure to control the violence?
- In which of the following districts of East Bengal did Mahatma Gandhi spend nearly $4$ months from $November \text{ } 1946$ to $March \text{ } 1947$ to restore communal harmony after the outbreak of horrific riots?
- Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R): Assertion (A): The Muslim League withdrew its acceptance of the Cabinet Mission Plan on $29 \text{ July } 1946$ and passed the 'Direct Action' resolution. Reason (R): Jawaharlal Nehru's press conference on $10 \text{ July } 1946$ stated that the Congress was completely free to change or modify the Cabinet Mission Plan in the Constituent Assembly. In the context of the above statements, which of the following is correct?