Indian Polity · Polity
Consider the following statements regarding the State Finance Commission in India: Statement I: Article 243-I of the Constitution of India mandates the Governor of a State to constitute a Finance Commission every five years to review the financial position of Panchayats. Statement II: The Constitution empowers the State Legislature to determine the composition and selection criteria for the members of the Commission by law. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement II is correct
- 2Only Statement I is correct
- 3Both Statement I and Statement II are incorrect
- 4Both Statement I and Statement II are correct✓
Correct answer
Both Statement I and Statement II are correct
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