Co nsid er the follo wing features o f th e 73 rd Constitutional Amendment Act.1. Panchayati Raj bodies will receive finance from the state government in the form of grants.2. One-third seats of the total seats in the Panchayati Raj bodies will be reserved for women.3. Mostly states will have three-tier Panchayati Raj system.4. Panchayati Raj bodies will prepare plans for economic development, social justice and social welfare. Which of the above are correct? Choose the correct answer using the given codes:

Political institutions are the organizations in a government that create, enforce, and apply laws. They often mediate conflict, make (governmental) policy on the economy and social systems, and otherwise provide representation for the population.