Which of the following roles/functions/responsibilities are not under the purview of the Financial Commission?
1. Sharing of net proceeds of taxes between the Centre and the States.
2. Recommending principles for governing the grants-in-aid to the states by the centre.
3. Recommendations on matters referred to it by the President for the interest of sound finance.
4. Preparation and periodical revision of electoral rolls.

A. Only 1

B. Only 2

C. Only 3 and 4

D. Only 4

Answer: Option D