87. The Finance Commission gives recommendations to President as to :
(a) distribution of net proceeds of taxes between Union and States
(b) principles which should govern the grants-in-aid of the revenues of the States of the Consolidated Funds of India
(c) measures needed to augment the Consolidated Funds of a State to supplement
the resources of Panchayats and Municipalities
(d) all the above
Answer and NotesAnswer is D
Explanation : Refer Article 280 of the Constitution of India.