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
Correct answer
Explanation
The correct answer is Uttar Pradesh. 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. Bihar, in option B, stands second in the same statement and is therefore the closest distractor to the answer. Madhya Pradesh, in option D, comes third, and West Bengal follows it with Rs 7,866 crore. Maharashtra, in option A, appears lower in the order than the states named above, so it is not the answer even though it is one of the biggest states by economy. The smallest amounts in the statement go to Sikkim and Goa. An examiner setting a question on this release is most likely to ask for the state at the head of the table, so the order of the first few states deserves memorising along with the total amount and the date of the release.
Read the full article: Centre Releases Rs 1,09,019 Crore Tax Devolution to States
Practice Questions
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
Show answer
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.
Read the full explanation →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 →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
Show answer
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 →