- This provision was inserted into the Constitution by the 73rd Amendment Act, 1992, which constitutionalized the Panchayati Raj system. - The commission is constituted every fifth year to make recommendations on matters related to the financial health of the Panchayats.
Who among the following constitutes "Finance Commission" to review the financial position of Panchayats?
Asked in UPPCS Prelims 2015 · Topic: Panchayati Raj and Community Development (Finances of Panchayati Raj Institutions: Sources of Revenue, Grants, and Role of State Finance Commission)
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Answer: C. The Governor of the concerned State.
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