UPSC IAS - 2025

Which of the following statements with regard to the recommendations of the 15th Finance Commission of India are correct? I. It has recommended grants of 4,800 crores from the year 2022-23 to the year 2025-26 for incentivizing States to enhance educational outcomes. II. 45% of taxes are to be shared proceeds of Union with States. III. 45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms. IV. It reintroduced tax effort criteria to reward fiscal performance. Select the correct answer using the code given below.