Question

Consider the following about 15th Finance Commission:
I. It is the constitutional body.
II. It determines the method and formula for distributing the tax proceeds between the Centre and states.
III. The 15th Finance Commission was constituted by the President of India in November 2020, under the chairmanship of NK Singh. Which of the above statement is/are not correct?

A I only
B II only
C III only
D I and II only
E II and III only
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