With reference to the 74th constitutional amendment act of 1992 which of the following events led to the development of urban local government in modern India is/are correct? 1. Lord Mayo Resolution 2. Lord Ripon Resolution 3. Royal Commission headed by Hobhouse Select the correct answer using the codes given below:

• Statement 1 is correct: - Lord Mayo’s Resolution of 1870 on financial decentralisation visualised the development of local self-government institutions. • Statement 2 is correct: Lord Ripon’s Resolution of 1882 has been hailed as the ‘Magna Carta’ of local self-government. He is called as the father of local self-government in India. • Statement 3 is correct: The Royal Commission on decentralisation was appointed in 1907 and it submitted its report in 1909. Its chairman was Hobhouse.