Civil Services JPSC Civil Services Prelims Mock Test 2024 General Knowledge Polity Constitutional Bodies
With reference to the Finance Commission, consider the following statements:
1. It determines the method and formula for distributing the tax proceeds between the Centre and states.
2. Its recommendations are only advisory in nature.
Which of the statements given above are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2