The function s of Finance Commission are 1 To allow the withdrawal of the money out o...........

Indian Polity Centre - State Relations

The function(s) of Finance Commission are:

1) To allow the withdrawal of the money out of the consolidated fund of india.

2) To allocate between the states the share of proceeds of taxes.

3) To consider the application for Grant-in-Aid from states.

4) To supervise and report on whether the Union and State Governments are levying taxes in accordance with the budgetary provisions.

Code

only 1

2 and 3

3 and 4

1, 2 and 4

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Explanation:

To consider the application for Grant-in-Aid from states is not the function of Finance Commission.
The Finance Commission came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state.