According to Article 243-I of the Constitution of India, a Finance Commission is constituted to review the financial position of the Panchayats:
- A.at the expiration of every sixth year
- B.at the expiration of every fifth year
- C.at the expiration of every second year
- D.at the expiration of every third year
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Article 243-I, inserted by the seventy-third Constitutional Amendment of 1992, requires the Governor of a State to constitute a Finance Commission at the expiration of every fifth year to review the financial position of the Panchayats and to recommend how taxes, duties, tolls and fees should be divided between the…
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