Question : The 73rd Constitutional Amendment Act is related to which of the following?
Option 1: Foreign exchange
Option 2: Finance Commission
Option 3: Panchayati Raj
Option 4: Reserve Bank of India
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Correct Answer: Panchayati Raj
Solution : The correct option is Panchayati Raj .
The 73rd Amendment Act was passed by the Indian Parliament in 1992, and it is also known as the Panchayati Raj Act. This amendment aimed to decentralize power and decision-making from the central and state governments to the local Panchayats, and empower them to undertake development works in their respective areas.
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