Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct? 1. It has recommended grants of ₹ 4,800 crores from the year 2022-23 to the year 2025-26 for incentivizing States to enhance educational outcomes. 2. 45% of the net proceeds of Union taxes are to be shared with States. 3. ₹ 45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms. 4. It reintroduced tax effort criteria to reward fiscal performance. Select the correct answer using the code given below.

Statements 1, 3, and 4 are correct as the 15th Finance Commission recommended specific performance-based grants for education and agriculture and reintroduced "Tax and Fiscal Effort" (with a 2.5% weightage) as a criterion for horizontal distribution. Statement 2 is incorrect because the commission recommended a vertical devolution of 41% of the divisible pool to the states, not 45%. The core concept being tested is the specific fiscal recommendations of the Finance Commission regarding the vertical and horizontal distribution of tax proceeds and performance-linked incentives.