question_answer

State Finance Commission is appointed by a State Government every five years to determine:

A)  Financial resources of the State for placing State's requirement before the Union Government

B)  Development requirements of the State for formulating State Five Year Plan

C)  Budgetary requirements of various departments of the State Government

D)  Pattern of distribution of State's tax revenue between the State Government and local bodies (both rural and urban) and the pattern of grants-in-aid to local bodies