Indian Polity · Polity
Under the 73rd Constitutional Amendment Act, how often is a State Finance Commission constituted, and what is its primary mandate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Every 4 years; to allocate agricultural subsidies directly to small and marginal farmers
- 2Every 5 years; to review the financial position of Panchayats and recommend principles for devolution✓
- 3Every 6 years; to conduct financial audits of the state government expenditure
- 4Every 3 years; to oversee the implementation of central welfare schemes
Correct answer
Every 5 years; to review the financial position of Panchayats and recommend principles for devolution
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