With respect to the "Fiscal Health Index," which of the following statements is/are correct?

It was launched by the Reserve Bank of India.

It evaluates Indian states' fiscal health using five key sub-indices including Revenue Mobilisation and Debt Index.

Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa.

Select the correct option from the codes given below:

Question

It was launched by the Reserve Bank of India. Incorrect: The Fiscal Health Index was launched by NITI Aayog, not the Reserve Bank of India. It was introduced by Dr. Arvind Panagariya, the Chairman of the 16th Finance Commission, in New Delhi.
It evaluates Indian states' fiscal health using five key sub-indices including Revenue Mobilisation and Debt Index. Correct: The Fiscal Health Index evaluates the fiscal health of Indian states based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability.
Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa. Correct: With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively.

GKToday Admin · Accepted Answer

Only two

It was launched by the Reserve Bank of India. Incorrect: The Fiscal Health Index was launched by NITI Aayog, not the Reserve Bank of India. It was introduced by Dr. Arvind Panagariya, the Chairman of the 16th Finance Commission, in New Delhi.
It evaluates Indian states' fiscal health using five key sub-indices including Revenue Mobilisation and Debt Index. Correct: The Fiscal Health Index evaluates the fiscal health of Indian states based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability.
Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa. Correct: With a cumulative score of 67.8, Odisha tops the ranking in fiscal health among 18 major States, followed by Chhattisgarh and Goa with scores of 55.2 and 53.6, respectively.

Current Affairs