Statement I : The Finance Commission makes principles which govern the grants-in- aid of revenues given to the States out of the Consolidated Fund of India. Statement II Members of the Finance Commission are drawn from all the States and Union Territories.Both the statements are individually true and statement II is the correct explanation of statement I Both the statements are individually true but statement II is not the correct explanation of statement IStatement I is true but statement II is falseStatement I is false but statement II is true