Q. With reference to City Finance Rankings, 2022 consider the following statements:
1.It aims at providing additional grants to the state based on the ranks achieved.
2.The rankings aim to motivate city/state officials and decision makers to implement municipal finance reforms. 
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Statement 1 is incorrect. City Finance Rankings, 2022 is an effort to analyse and help the Urban Local Bodies (ULBs) in identifying areas in their financial performance.

Statement 2 is correct. The rankings aim to motivate city/state officials and decision makers to implement municipal finance reforms.

Source: PIB