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.
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