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.Solution
The correct answer is D
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