(b) State Finance Commissions have been set up in the various states of the country according to the guidelines that have been laid down in the Constitution of India,Article 243 (I). Hence state finance commission is a constitutional body. Article 243(I) of the Indian Constitution prescribes that the Governor of a State shall, as soon as may be within one year from the commencement of the Constitution(Seventy-third Amendment) Act,1992, and thereafter at the expiration of every fifth year,constitute a Finance Commission to review the financial position of the Panchayats. Hence reason (R) is also correct but is not a correct explanation of the assertion (A).