Consider the following statements: 1. The State Finance Commissions receive grants directly from the Finance Commission set up by the Union Government. 2. The State France Commissions review the economic conditions of the various Panchayati Raj Institutions and Municipal Bodies in the States. Which of the statements given above is/are correct?

• A.  Only 1             
• B.  Only 2
• C.  Both 1 and 2    
• D.  Neither 1 nor 2