Indian Polity · Polity
What constitutes a major constitutional financial source for Panchayati Raj Institutions in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Corporate bonds issued by private enterprises
- 2Direct market loans from international financial institutions
- 3Grants and devolution recommended by the State Finance Commission✓
- 4Discretionary developmental grants from the United Nations
Correct answer
Grants and devolution recommended by the State Finance Commission
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