With reference to the Finance Commission of India, which of the following statements is correct?

1. It encourages the inflow of foreign capital for infrastructure development
2. It facilitates the proper distribution of finances among the Public Sector Undertakings
3. It ensures transparency in financial administration
4. None of the statements (a), (b) and (c) given above is correct in this context

Explanation

Option (d) is the correct answer

• None of the statements (a), (b), and (c) are correct in the context of the Finance Commission.

Answer: (d) None of the statements (a), (b) and (c) given above is correct in this context | Difficulty Level: Easy