Indian Polity · Local Self Government
Which of the following is a key mandate of the State Finance Commission?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To regulate regional stock markets.
- 2To monitor the overall fiscal policy of the Central Government.
- 3To determine the principles governing the distribution of net proceeds of taxes between the State and Local Bodies.✓
- 4To allocate fiscal funds to Union Territories.
Correct answer
To determine the principles governing the distribution of net proceeds of taxes between the State and Local Bodies.
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