Q. The jurisdiction of the Finance Commission does not extend to
- Recommendation of the distribution between the Union and the States of the net proceeds of taxes.
- Recommendation of the allocation to the states of the respective shares of such tax proceeds.
- Recommendation of the allocation of funds among the various heads of expenditure in the Union and State budgets.
- Recommendation of the principles which govern the Grants in aid of the revenue of the states out of the Consolidated Fund of India.
Answer: Recommendation of the allocation of funds among the various heads of expenditure in the Union and State budgets.