Q. Who is empowered to review financial position of the Panchayats?

Correct Answer: d) Finance Commission constituted by the Governor

Explanation:
– Under Article 243-I of the Constitution (73rd Amendment), the Governor of a state must constitute a State Finance Commission every five years to review the financial position of the Panchayats.
– This Commission recommends how to distribute taxes, fees, and grants between the state and Panchayats and suggests measures to improve their finances.
– The Chief Minister or chairpersons of District/Block bodies do not have this constitutional mandate.