With reference to the Post Devolution Revenue Deficit (PDRD) Grant, consider the following statements:1. Post Devolution Revenue Deficit (PDRD) Grant had been recommended by the 15th Finance Commission during FY23 for all states.2. The 15th Finance Commission had recommended a total PDRD Grant of 86,201 crore to for FY23.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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With reference to the Post Devolution Revenue Deficit (PDRD) Grant, consider the following statements:

1. Post Devolution Revenue Deficit (PDRD) Grant had been recommended by the 15th Finance Commission during FY23 for all states.

2. The 15th Finance Commission had recommended a total PDRD Grant of ₹86,201 crore to for FY23.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'B'. Can you explain this answer?

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Daily Current Affairs MCQ- July 8, 2022

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Most Upvoted Answer

With reference to the Post Devolution Revenue Deficit (PDRD) Grant, co...

Explanation:

Statement 1:
The first statement is incorrect. Post Devolution Revenue Deficit (PDRD) Grant had been recommended by the 15th Finance Commission during FY23 for only 14 states, not all states.

Statement 2:
The second statement is correct. The 15th Finance Commission had recommended a total PDRD Grant of 86,201 crore for FY23 for the 14 states that were identified to receive this grant.
Therefore, the correct answer is 2 only (b).

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With reference to the Post Devolution Revenue Deficit (PDRD) Grant, co...

The Finance Ministry released the fourth instalment of revenue deficit grant of ₹7,183 crore to 14 States for the current fiscal.

The States for which Post Devolution Revenue Deficit (PDRD) Grant had been recommended by the 15th Finance Commission during FY23 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.
The 15th Finance Commission had recommended a total PDRD Grant of ₹86,201 crore to 14 States for FY23.

Hence only statement 2 is correct.

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With reference to the Post Devolution Revenue Deficit (PDRD) Grant, consider the following statements:1. Post Devolution Revenue Deficit (PDRD) Grant had been recommended by the 15th Finance Commission during FY23 for all states.2. The 15th Finance Commission had recommended a total PDRD Grant of 86,201 crore to for FY23.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?

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