Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — State Finance Commission
Concept & Option Breakdown
Standard Reference VerifiedUnder Article 243-I of the Constitution, the State Finance Commission is constituted by the Governor every five years to review the financial position of Panchayats and recommend principles for devolving and assigning taxes, duties, tolls, fees, and grants-in-aid to them.
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