With reference to the Finance Commission of India, which of the following statements is correct?

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CollectorBabu · Accepted Answer

Correct Answer: None of the statements (a),B. and C. given above is correct in this context.. Finance Commission involves in distribution of total taxes among Centre and States as per respective contributions and determine factors governing Grants-in Aid to states and magnitude. Finance Commission along with State Finance Commissions introduced suggested measures to expand the Consolidated Fund of States for extra resources to Panchayats and Municipalities in respective state.

With reference to the Finance Commission of India, which of the following statements is correct?

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