Which of the following statements is correct in reference to the Finance Commission of India ?

Asked in HPPSC HPAS Prelims 2016 · Topic: The Finance Commission (Role in fiscal federalism and Union-State financial relations)

1. It facilitates the judicial distribution of finance among the PSUs.
2. It ensures transparency in financial administra‐ tion.
3. It deals with the financial relations between States and Centre.
4. It ensures financial prudence of State Govern‐ ment.

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