Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct? I. 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. II. It recommends that the net proceeds of Union taxes are to be shared with States. III. It reintroduced tax effort criteria to reward fiscal performance. IV. It reintroduced fiscal capacity criteria to reward fiscal performance. Select the correct answer using the code given below.