To review the financial position of Panchayats, the State Government constitutes every five years a/an
Detailed Explanation:
Article 243-I of the Indian Constitution mandates that every state must constitute a State Finance Commission at least once every five years to review the financial position of Panchayats and municipalities.
The Commission recommends the distribution of state tax revenues, taxes/levies that local bodies may collect, and grants-in-aid from the state's Consolidated Fund to strengthen local governance finances.
Therefore, the State Finance Commission reviews Panchayat finances every five years, making Option 4 the correct answer.
Question 8 of 9 Panchayati Raj System
Practice PYQ questions from this topic across all years
Which State does not have Panchayat system?
Which of the following is not a part of the Eleventh Schedule of the Constitution?