With reference to the State Finance Commission, consider the following statements:
1. It is constituted by the State government after every five years.
2. It reviews the distribution of revenues between the State and local governments as also that between rural and urban local governments.
3. The members of the commission are not eligible for reappointment under the State government.
Which of the statements given above is/are correct?
Every member of the Commission shall hold office for such period as may be specified in the order of the Governor appointing him, but shall be eligible for reappointment:Provided that he may, by letter addressed to the Governor, resign his office.
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