Which of the following is/are among the noticeable feature of the recommendations of the Thirteenth Finance Commission? 1. A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design 2. A design for the c

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Q: 58 (IAS/2012)
Which of the following is/are among the noticeable feature of the recommendations of the Thirteenth Finance Commission?
1. A design for the Goods and Services Tax, and a compensation package linked to adherence to the proposed design
2. A design for the creation of lakhs of jobs in the next ten years in consonance with India’s demographic dividend
3. Devolution of a specified share of central taxes to local bodies as grants
Select the correct answer using the codes given below:

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,38,60,18,17,38,25

keywords: 

{'thirteenth finance commission': [0, 0, 0, 1], 'central taxes': [1, 0, 1, 0], 'design': [0, 0, 1, 4], 'services tax': [0, 0, 0, 1], 'lakhs': [0, 1, 4, 4], 'compensation package': [0, 0, 0, 1], 'grants': [2, 0, 1, 0], 'specified share': [0, 0, 0, 1], 'devolution': [1, 0, 0, 1], 'india': [8, 1, 7, 13]}

The correct answer is 1 and 3 only.

The Thirteenth Finance Commission`s recommendations included a design for the Goods and Services Tax (GST) and a compensation package linked to adherence to the proposed design (feature 1). They also recommended devolution of a specified share of central taxes to local bodies as grants (feature 3).

However, there is no mention of a design for the creation of jobs in consonance with India`s demographic dividend (feature 2) in the recommendations of the Thirteenth Finance Commission.