Indian Polity · Polity
Which of the following is true regarding the functions of the State Finance Commission constituted under Article 243I of the Indian Constitution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It reviews the financial position of both the Panchayats and the Municipalities.✓
- 2It reviews the financial position of the Municipalities only.
- 3It reviews the financial position of the Panchayats only.
- 4It determines the distribution of taxes between the Union and the States.
Correct answer
It reviews the financial position of both the Panchayats and the Municipalities.
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