Indian Polity · Local Self Government
Which of the following is the primary function of the State Finance Commission constituted under Article 243I of the Indian Constitution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To audit the accounts of all public sector undertakings in the State.
- 2To review the financial position of the Panchayats and recommend principles governing the distribution of taxes, duties, tolls and fees between the State and the Panchayats.✓
- 3To oversee the financial operations of the Reserve Bank of India.
- 4To allocate funds directly to the Union Government.
Correct answer
To review the financial position of the Panchayats and recommend principles governing the distribution of taxes, duties, tolls and fees between the State and the Panchayats.
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