Indian Polity · Polity
Consider the following statements regarding the constitutional financial frameworks and commissions governing local governance bodies: 1. Article 243I formally establishes the constitution of the State Finance Commission under the Panchayati Raj System. 2. The parallel provision mandating the constitution of the State Finance Commission for Urban Local Bodies is governed by Article 243Y. 3. The power of Panchayats to impose taxes and provide funds is explicitly detailed under Article 243H. 4. Article 243J specifically dictates the audit of Panchayat accounts. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only 1 and 2✓
- 2Only 1, 2, and 4
- 3Only 2 and 4
- 4Only 1 and 3
Correct answer
Only 1 and 2
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Indian Polity?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Polity MCQs →Want more practice questions on Polity?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Indian Polity · Polity