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The panchayat funds can NOT be kept in which of the following?

The panchayat funds can NOT be kept in which of the following? Correct Answer Private Bank

The correct answer is option 4 i.e., Private Bank.

  • The panchayat funds can NOT be kept in Private Bank.
  • Mahatma Gandhi advocated the Panchayati raj as the foundation of India's political system.
  • Shri Narendra Singh Tomar (2020) is the Minister of Rural Development, Agriculture and Farmers Welfare & Panchayati Raj.

Sources of funds for panchayat:

  • Land revenue
  • Tax on toddy  
  • Tax on vehicles,
  • Tax on the industries which are located in geographical boundaries of the village, toll tax, festival tax.

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