The Central Government has decided to follow 70:20:10 funding formula for centrally sponsored schemes. Which of the following principles are involved in funding mechanism?

  1. Equality
  2. Equity
  3. Performance
  4. Environment Protection

Select the correct option from the codes given below:

Answer: [B] Only 1, 2 & 3

The funding mechanism for centrally sponsored schemes is based upon 70:20:10 ratios. Seventy per cent could be allocated on the basis of equality; 20 per cent on the basis of equity; and 10 per cent on the basis of performance.

This question is a part of GKToday's Integrated IAS General Studies Module