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      Question

      Which of the following provisions are correct in regards

      to the finances in the 73rd Constitutional Amendment Act? 1.    The state legislature may authorize a panchayat to levy, collect and appropriate taxes, duties, tolls and fees. 2.    The state legislature may assign to a panchayat taxes, duties, tolls and fees levied and collected by the state government. 3.    The state legislature may provide for making grants-in-aid to the panchayats from the consolidated fund of the state. 4.    The state legislature may provide for the constitution of funds for crediting all money of the panchayats.
      A 1 & 2 Correct Answer Incorrect Answer
      B 2 & 3 Correct Answer Incorrect Answer
      C 1, 3 & 4 Correct Answer Incorrect Answer
      D All Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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