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Consider the following statements regarding Special Category Status (SCS) in India:
1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.
2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.
3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.
Which of the statements given above is/are correct?
- a)1 Only
- b)1 and 2 Only
- c)1 and 3 Only
- d)1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Special Category Status (...
Statement 1 is correct. Special Category Status (SCS) provides states with financial assistance, where 90% of the funds for centrally sponsored schemes are given as grants, while only 10% are loans. This is a significant benefit for states with SCS as it reduces their financial burden.
Statement 2 is also correct. The eligibility criteria for SCS include geographical and socio-economic factors such as hilly terrain, low population density, strategic location (such as proximity to international borders), and economic backwardness.
Statement 3 is incorrect. While SCS states do receive certain financial benefits, the specific tax concessions on excise, income, and corporate taxes have been largely integrated into the Goods and Services Tax (GST) regime, which has standardized indirect taxes across the country. Although SCS states previously enjoyed certain tax benefits, these have been reduced or altered significantly with the implementation of GST, and not all SCS states receive these benefits uniformly.
Thus, the correct statements are 1 and 2, making Option B the accurate answer.
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Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding Special Category Status (SCS) in India:1. Special Category Status provides states with financial assistance where 90% of funds for centrally sponsored schemes are grants.2. The eligibility for SCS includes factors such as hilly terrain, low population density, and strategic location.3. All states with Special Category Status receive additional tax benefits on excise, income, and corporate taxes.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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