73rd Constitutional Amendment · Indian Polity

Which body is constituted under Article 243-I to review the financial position of the Panchayats?

  1. District Planning Committee
  2. State Finance Commission
  3. National Finance Commission
  4. State Planning Board
Show answer and explanation

Correct answer: State Finance Commission

The Governor of a state is required to constitute a State Finance Commission every five years. This commission recommends the principles for distribution of taxes between the state and the panchayats.

Difficulty: Medium Question 9 of 20

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