Indian Polity · Local Self Government

Which of the following statements is correct regarding the Finance Commission constituted under Article 243I?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1D) It conducts elections for the Panchayats.
2C) It audits the accounts of the Panchayats.
3B) It reviews the financial position of the Panchayats.✓
4A) It determines the principles governing the distribution of taxes between the Centre and the States.

Correct answer

B) It reviews the financial position of the Panchayats.

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