The concept of vertical equity in fiscal federalism refers to:

CA Foundation · Business Economics · MTP · May 2026
The concept of vertical equity in fiscal federalism refers to:
(A) A. Equity among individuals
(B) B. Equity between regions
(C) C. Revenue sharing between centre and states
(D) D. Allocation of GST among consumers

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Revenue sharing between centre and states

Topics: Public Finance

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