Consider the following statements:
The Function (s) of the Finance Commission is/are:
- to allow the withdrawal of money out of the Consolidated Fund of India.
- to allocate between the States the shares of proceeds of taxes.
- to consider applications for grants-in-aid from States.
- 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?