[amp_mcq option1=”Panchayati Raj” option2=”Currency Exchange” option3=”Finance Commission” option4=”RBI” correct=”option1″]
The correct answer is: A. Panchayati Raj
The 73rd Constitutional Amendment Act, 1992, is related to Panchayati Raj. It provides for the establishment of three-tier Panchayati Raj institutions at the village, intermediate and district levels in every state. The Act also provides for the devolution of powers and responsibilities to these institutions.
The 73rd Amendment Act was passed in response to the demand for decentralization of power and greater participation of people in the governance of the country. The Act has been implemented in all states and union territories.
The 73rd Amendment Act has had a significant impact on the lives of people in rural areas. It has led to the empowerment of women and marginalized groups, and has improved the delivery of services to the people.
The 73rd Amendment Act is a landmark legislation that has ushered in a new era of decentralization and participatory democracy in India.
The other options are incorrect because they are not related to Panchayati Raj.
Option B: Currency Exchange is the process of converting one currency into another. It is done by banks and other financial institutions.
Option C: Finance Commission is a constitutional body that is responsible for recommending the distribution of central taxes among the states.
Option D: RBI is the central bank of India. It is responsible for managing the country’s monetary policy and regulating the financial system.