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How has the 14th Finance Commission impacted tax devolution to States?a) Reduced the tax devolution percentage significantly.b) Maintained the tax devolution percentage at 32%.c) Increased the tax devolution percentage from 32% to 42%.d) Eliminated tax devolution and replaced it with grants.Correct answer is option 'C'. Can you explain this answer? for CUET Commerce 2024 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about How has the 14th Finance Commission impacted tax devolution to States?a) Reduced the tax devolution percentage significantly.b) Maintained the tax devolution percentage at 32%.c) Increased the tax devolution percentage from 32% to 42%.d) Eliminated tax devolution and replaced it with grants.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How has the 14th Finance Commission impacted tax devolution to States?a) Reduced the tax devolution percentage significantly.b) Maintained the tax devolution percentage at 32%.c) Increased the tax devolution percentage from 32% to 42%.d) Eliminated tax devolution and replaced it with grants.Correct answer is option 'C'. Can you explain this answer?.

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