Indian Polity · Part XII Finance, property, contracts and suits
Besides borrowing, property, and suits, which important institutional framework and financial matter are explicitly detailed under Part XII of the Indian Constitution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Consolidated Fund and Public Accounts of the States only
- 2The Finance Commission and distribution of revenues between the Union and States✓
- 3The Inter-State Council and trade regulations
- 4The Comptroller and Auditor General of India
Correct answer
The Finance Commission and distribution of revenues between the Union and States
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