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Consider the following statements
The function (S) of the Finance Commission is/are
1. To allow the withdrawal of the money out of the consolidated Fund of           India .
2. To allocate between the States the shares of proceeds of texes.
3. To consider applications for grants -in-aid from States.
4. To supervise and report on whether the Union and state governments are       levying taxes in accordance with the budgetary provisions.
Which of these statements is/are correct ? 


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