Multiple choice The Finance Commission is mainly concerned with recommending the President about distributing net proceeds of taxes between the Centre and the States principles governing the grants-in-aid to be given to States Both 1 and 2 Neither 1 nor 2 Reveal answer Fill a bubble to check yourself C Correct answer Explanation The Finance Commission is a constitutional body that recommends the distribution of tax proceeds between the Centre and States and the principles governing grants-in-aid to States.