Which of the following statement(s) is/are correct?
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer:C
Which of the following statement(s) is/are correct?
A. Only I B. Only II C. Both I and II D. Neither I nor II
Explanation: Funds, which received by the state governments from the Centre constitutes “gross devolution to the states” and the entire amount is not “aid”. The gross devolution entails a strong redistributive element. Certain state-specific characteristics (captured in the ‘Special Category’ status) have determined whether some states are more dependent on such transfers, and particularly concessional assistance (grants).