Civil Services APPSC Group I Services Prelims Mock Test Series 2025 General Knowledge Polity Constitutional Bodies
Which of the following statements is correct with respect to State Finance Commission?
I. It is required to appoint a State Finance Commission once in five years.
II. It recommends the determination of taxes, duties, tolls and fees assigned to the Panchayats and Municipalities.
III. Article 243(i) deals with the constitution of a finance commission to review the financial position of Panchayats.
Choose the correct answer using the codes given below:
1
II and III
2
I, II and III
3
I and II
4
I and III