Question

Which of the following statements is/are correct regarding the 16th Finance Commission (F

  • C ? 1. It is established under Article 280 of the Indian Constitution. 2. It focuses on fiscal devolution to panchayats and municipalities post the 73rd and 74th amendments. 3. The Finance Commission directly allocates funds to urban local bodies (ULBs).
A Only 1 and 2
B Only 2 and 3
C Only 1 and 3
D 1, 2, and 3
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