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EconomyHard

How much was transferred to state governments as devolution of the share of taxes up to September 2026?

  1. A.Rs 4,80,732 crore
  2. B.Rs 6,54,547 crore
  3. C.Rs 6,99,409 crore
  4. D.Rs 6,46,010 crore

Correct answer

C. Rs 6,99,409 crore

Explanation

The correct answer is Rs 6,99,409 crore. The monthly accounts record that this sum was transferred to the state governments as devolution of their share of central taxes during the first half of the financial year, and that it was Rs 67,658 crore higher than the amount devolved in the corresponding period of the previous year. Option A is the non-tax revenue of the Centre, option B is the expenditure booked on capital account and option D is the amount spent on interest payments. All three figures appear in the same statement, which is exactly why such questions are set on it. Aspirants should remember that devolution follows the formula recommended by the Finance Commission and is the main route by which central tax collections reach the states.

Read the full article: Centre Receives Rs 18,35,422 Crore up to September 2026

Q3.EconomyHard

Under current policies, NITI Aayog projects India's coal demand by 2050 at what level?

  1. A.Over 1.5 billion tonnes
  2. B.Over 2.6 billion tonnes
  3. C.Over 3.4 billion tonnes
  4. D.Over 4.2 billion tonnes
Show answer
Correct answer: B. Over 2.6 billion tonnes

The projection quoted at the consultation shows demand rising from about 1.25 billion tonnes in 2025 to more than 2.6 billion tonnes by 2050 if present policies continue, and staying above 1.8 billion tonnes even along a net zero path, because steel, cement and power, the three largest consumers, are…

Q5.EconomyMedium

Of the commercial coal mines allotted since 2020, how many are producing, according to the Ministry of Coal?

  1. A.25 of 137
  2. B.37 of 125
  3. C.52 of 137
  4. D.25 of 90
Show answer
Correct answer: A. 25 of 137

The ministry said at its consultation in Goa that of the commercial mines allotted since the reform framework came in, only a small fraction has reached production, and the Coal Secretary described an allotted but idle block as capacity the country has set aside yet cannot use.