Indian Polity · Polity
Which of the following statements is true regarding the State Finance Commission?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It determines the allocation of financial resources between the Union and the States
- 2It determines the principles governing the grants-in-aid to both the Panchayats and the Municipalities✓
- 3It determines the principles governing the grants-in-aid to the Municipalities only
- 4It determines the principles governing the grants-in-aid to the Panchayats only
Correct answer
It determines the principles governing the grants-in-aid to both the Panchayats and the Municipalities
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