Indian Polity · Finance Commission
Which of the following statements is correct regarding the Central Finance Commission constituted under Article 280 of the Constitution with respect to local bodies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It mandates the exact amount of property tax local bodies must collect.
- 2It recommends measures to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities.✓
- 3It directly governs the micro-level implementation of urban infrastructure funds.
- 4It recommends distribution of tax revenues between the Union and the States only, with no mandate for local bodies.
Correct answer
It recommends measures to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities.
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