Who is empowered to review financial position of the Panchayats?
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Correct Answer: Option D
Detailed Explanation:
Article 243-I of the Constitution mandates that the Governor shall constitute a State Finance Commission every five years to review the financial position of Panchayats.
The Finance Commission recommends distribution of taxes between the State and Panchayats, principles for grants-in-aid from the State's Consolidated Fund, and measures to improve Panchayats' financial health.
Question 1 of 9 Panchayati Raj System
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