Indian Polity · Local Self Government
The State Finance Commission constituted under Article 243I of the Constitution recommends principles for:
- 1Distribution of taxes between the Union and the States
- 2Distribution of taxes between the State and the Panchayats✓
- 3Formulation of Monetary Policy
- 4Formulation of Fiscal Policy
Correct answer
Distribution of taxes between the State and the Panchayats
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