With reference to the State finance commission, Consider the following statements:
1. The governor of the state constitutes a Finance Commission to review the financial position of the panchayats.
2. The constitution provides for the composition of the commission, and the manner of their selection.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2