Indian Polity · Polity
According to Part IX of the Indian Constitution, which financial powers can a State Legislature authorize a Panchayat to exercise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly access and manage the Consolidated Fund of India
- 2To levy income tax on state government employees residing in rural areas
- 3To independently mint local currency and issue bonds without state approval
- 4To levy, collect, and appropriate specified taxes, duties, tolls, and fees✓
Correct answer
To levy, collect, and appropriate specified taxes, duties, tolls, and fees
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