As per the reco m m en dations of the Finan ce commission, besides income tax, the net proceeds of which of the following tax(es) is/are to be shared between the Centre and the states?1. Additional duties of excise2. Wealth tax on agricultural properties3. Union Excise DutiesSelect the correct answer using the codes given below–

Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.