[amp_mcq option1=”Recommending allocation of funds to Panchayats” option2=”Auditing Panchayat accounts” option3=”Assessing financial needs of Panchayats” option4=”All of the above” correct=”option4″]<\/p>\n
The correct answer is: d) All of the above.<\/p>\n
The State Finance Commission (SFC) in Sikkim is a statutory body constituted by the State Government to review the financial position of the Panchayats and to recommend measures for improving their financial resources. The SFC also has the power to audit the accounts of the Panchayats and to assess their financial needs.<\/p>\n
The SFC plays a vital role in ensuring that the Panchayats have adequate financial resources to carry out their functions. The SFC’s recommendations are binding on the State Government and the Panchayats are required to implement them.<\/p>\n
The SFC has been instrumental in improving the financial position of the Panchayats in Sikkim. The SFC’s recommendations have led to an increase in the allocation of funds to the Panchayats and to an improvement in the auditing of their accounts. The SFC has also helped to assess the financial needs of the Panchayats and to recommend measures for meeting those needs.<\/p>\n
The SFC is a valuable tool for improving the financial position of the Panchayats in Sikkim. The SFC’s recommendations have been implemented by the State Government and the Panchayats have benefited from the SFC’s work. The SFC is a key player in ensuring that the Panchayats have adequate financial resources to carry out their functions.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
a) Recommending allocation of funds to Panchayats: The SFC recommends the allocation of funds to the Panchayats based on their financial needs and the performance of the Panchayats.<\/p>\n
b) Auditing Panchayat accounts: The SFC audits the accounts of the Panchayats to ensure that they are properly maintained and that the funds are used for the intended purposes.<\/p>\n
c) Assessing financial needs of Panchayats: The SFC assesses the financial needs of the Panchayats to ensure that they have adequate resources to carry out their functions.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Recommending allocation of funds to Panchayats” option2=”Auditing Panchayat accounts” option3=”Assessing financial needs of Panchayats” option4=”All of the above” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[992],"tags":[],"class_list":["post-72193","post","type-post","status-publish","format-standard","hentry","category-sikkim-gk-mcq","no-featured-image-padding"],"yoast_head":"\n