Q. Which of the following is/are come/s under transfer of funds to the States?
1.Taxes devolved to the States
2.Finance Commission Grants
3.Centrally Sponsored Schemes
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: D

Explanation: Transfer of funds to the States comprises the share of States in Union taxes devolved to the States, Finance Commission Grants, Centrally Sponsored Schemes (CSS), and other transfers.

Source: Economic Survey 2022 – 23