Indian Polity · Local Self Government
Which of the following statements is true regarding the State Finance Commission constituted under Article 243I?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its final fiscal recommendations are strictly binding on the State Government.
- 2It is a permanent statutory body working without intervals.
- 3It is constituted by the Governor of the State every fifth year.✓
- 4It is established by the Union Ministry of Finance.
Correct answer
It is constituted by the Governor of the State every fifth year.
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