Consider the following statements: I. Panchayats at the intermediate level exist in all States. II. To be eligible to be a Member of a Panchayat at the intermediate level, a person should attain the age of thirty years. III. The Chief Minister of a State constitutes a commission to review the financial position of Panchayats at the intermediate levels and to make recommendations regarding the distribution of net proceeds of taxes and duties, leviable by the State, between the State and Panchayats at the intermediate level. Which of the statements given above are not correct?

Statement I is incorrect: As per Article 243B(2), Panchayats at the intermediate level need not be constituted in a State having a population not exceeding 20 lakhs. Hence, intermediate-level panchayats do not exist in all States (e.g., Goa, Sikkim, smaller UTs). Statement II is incorrect: As per Article 243F, a person who has attained the age of 21 years is eligible to be a member of a Panchayat, not 30 years. Statement III is incorrect: It is the Governor (not the Chief Minister) who constitutes the State Finance Commission under Article 243-I to review the financial position of Panchayats and recommend distribution of tax proceeds. Hence, all three statements are not correct.