Consider the following:

  1. Allotting of the shares of net proceeds of taxes
  2. Laying down principles governing grants in aid
  3. Looking into the financial relations between the central government and the state Governments

The above mentioned functions are carried out by which among the following?

[A] Cabinet Committee on Economic Affairs
[B] National Development Council
[C] Finance Commission
[D] NITI Aayog

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