Indian Polity · Polity

Consider the following statements regarding Union-State financial relations in India: (1) The Constitution provides for the distribution of taxes between the Union and States (2) States have unrestricted borrowing powers (3) The Finance Commission recommends tax devolution Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

11, 2 and 3
22 and 3 only
31 only
41 and 3 only✓

Correct answer

1 and 3 only

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