With reference to the Finance Commission of India, which of

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

I.A.S. (Pre) 2011

[The Finance Commission]

It encourages the inflow of foreign capital for infrastructure development.

It facilitates the proper distribution of finances among the Public Sector Undertakings.

It ensures transparency in financial administration.

None of the statements (a), (b) and (c) given above is correct in this context.

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