Indian Polity · Constitutional Bodies
What is the primary function of the Finance Commission of India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To monitor and control the allocation of public expenditure across public sector undertakings
- 2To regulate international trade and monetary policies of the country
- 3To prepare the Annual Financial Statement (Budget) of the Central Government
- 4To recommend the distribution of net proceeds of taxes between the Centre and the States and principles governing grants-in-aid✓
Correct answer
To recommend the distribution of net proceeds of taxes between the Centre and the States and principles governing grants-in-aid
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