| Consider the following statements: |
| The Finance Commission makes recommendation to the President in respect of: |
| 1. The distribution of net proceeds of taxes to be shared between the Union and the States |
| 2. Assessment of natural, capital and human resources |
| 3. The principles governing grants-in-aid to the States |
| 4. Any other matter concerning financial relations between the Union and the States Of these statements: |
A) 1, 2, 3 and 4 are correct
B) 2 and 4 are correct
C) 1, 3 and 4 are correct
D) 1, 2 and 3 are correct
Correct Answer: C
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