How much did the Union Government release to the states as an additional instalment of tax devolution on 31 October 2026?
- A.Rs 89,086 crore
- B.Rs 1,09,019 crore
- C.Rs 1,78,173 crore
- D.Rs 2,09,019 crore
Correct answer
Explanation
The correct answer is Rs 1,09,019 crore. On 31 October 2026 the Union Finance Ministry passed this sum to the state governments as an additional instalment of tax devolution, that is, a transfer made over and above the share of central taxes the states already receive every month. The Centre gave two reasons for advancing it: the festive season raises state spending, and the states were expected to use the money to move faster on capital works and to meet development and welfare costs. It was the second additional instalment of the financial year, and all 28 states shared in it. Option A, Rs 89,086 crore, and option C, Rs 1,78,173 crore, are not the released figure. Option D, Rs 2,09,019 crore, is a near-miss built by altering the leading digit of the real amount, and it is the trap an inattentive candidate falls into. Fix the exact figure in memory, because questions on devolution usually test the amount and the date together.
Read the full article: Centre Releases Rs 1,09,019 Crore Tax Devolution to States
Practice Questions
The tax devolution of Rs 1,09,019 crore released on 31 October 2026 was which additional instalment of that kind in the financial year?
- A.The first
- B.The second
- C.The third
- D.The fourth
Show answer
The release of Rs 1,09,019 crore made on 31 October 2026 was described as the second additional instalment of tax devolution in the running financial year, which means one such extra transfer had already gone out earlier in the same year.
Read the full explanation →Which state received the largest share of the tax devolution released by the Centre on 31 October 2026?
- A.Maharashtra
- B.Bihar
- C.Uttar Pradesh
- D.Madhya Pradesh
Show answer
The state-wise statement issued with the release shows Uttar Pradesh drawing the largest amount out of the Rs 1,09,019 crore distributed among all 28 states on 31 October 2026.
Read the full explanation →Devyani International is the exclusive franchisee in India of which coffee chain?
- A.Costa Coffee
- B.Tim Hortons
- C.Dunkin'
- D.Gloria Jean's Coffees
Show answer
Apart from running KFC and Pizza Hut franchise outlets across India, Devyani International Limited holds the exclusive Indian franchise for Costa Coffee, and along with it for New York Fries and Sanook Kitchen.
Read the full explanation →MIH Payments Holdings B.V., which has received CCI approval to acquire a shareholding in Navi Limited, is an indirect wholly-owned subsidiary of which company?
- A.Prosus N.V.
- B.SoftBank Group Corp.
- C.Alibaba Group Holding
- D.Temasek Holdings
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The Commission's clearance notes that the acquirer, MIH Payments Holdings B.V., is an indirect wholly-owned subsidiary of Prosus N.V., and that the acquirer itself carries on no business activity beyond holding investments in portfolio companies which have business activities in India.
Read the full explanation →Which two franchise brands are run in India by both Devyani International and Sapphire Foods?
- A.Domino's Pizza and Subway
- B.KFC and Pizza Hut
- C.McDonald's and Burger King
- D.Starbucks and Taco Bell
Show answer
Both companies operate franchise outlets of these two brands in India, and that overlap is the reason a merger between them is a matter for competition review rather than a routine corporate step.
Read the full explanation →