Who amongst the following is responsible for revenue sharing between the State Government and the Local Government?

The Chief Minister
The Governor
The Finance Commission
None of the above

Indian Polity

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Answer:

Option C: The Finance Commission

Detailed Solution:

The correct answer is “The Finance Commission”.

Article 243 (I) provides the constitution of a Finance Commission to review the financial position of the Panchayats and to make recommendations to the Governor. State Finance Commission reviews the financial position of the panchayats in a state.