Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues
Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the Consolidated Fund of India?
(a) Finance Commission
(b) Inter-State Council
(c) Union Ministry of Finance
(d) Public Accounts Committee
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(a) The finance commission will be governed by the principles to allocate grants-in-aid of the revenues of the states out of the consolidated fund of India.
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