Consider the following statements:
The function(s) of the Finance commission is/are:
- to allow the withdrawal of the 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?