Indian Polity · Polity
Consider the following statements regarding the State Finance Commission (SFC): Statement I: Its constitution is mandated under Articles 243-I and 243-Y of the Indian Constitution following the 73rd and 74th Amendments. Statement II: Its primary purpose is to recommend financial distribution exclusively between the Union Government and the State Government. Statement III: The overarching goal of the SFC is to strengthen fiscal federalism and empower local self-governance. Statement IV: The financial distribution recommended by the SFC involves allocation between the State Government and Panchayats/Municipalities. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All statements are correct
- 2Statements II, III, and IV only
- 3Statements I, III, and IV only✓
- 4Statements I, II, and III only
Correct answer
Statements I, III, and IV only
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