Consider the following 1 Suggestions on grants given to some States in lieu of assignment of an...........

Indian Polity Constitutional Bodies

Consider the following:

1. Suggestions on grants given to some States in lieu of assignment of any share of the net proceeds in each year of export duty on jute and jute products.

2. Any other matter referred to it by the president in the interests of sound finance.

3. Suggestions on Grants-in-aid to the states by the Centre from the consolidated fund of India.

How many of the following above is/are functions of the Finance Commission?

Only One

Only Two

All Three

None

छोटे Courses बड़े Results

Master Constitutional Bodies

Prepare through Micro-courses

Try Now

Explanation:

The Finance Commission is primarily responsible for recommending the distribution of taxes between the center and the states, grants-in-aid to states, and measures to augment the Consolidated Fund of a state.
It also looks into any other financial matter referred to it by the President.
While it does recommend grants-in-aid (Statement 3) and can be tasked with any financial matter by the President (Statement 2), it doesn't specifically deal with the assignment of proceeds from export duty on jute and jute products (Statement 1 is incorrect).
Thus, the correct statements are 2 and 3 only.