Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — 1 and 3 only
Concept & Option Breakdown
Standard Reference VerifiedStatements 1 and 3 are correct: The core objectives of the Panchayati Raj system are promoting democratic decentralisation and securing direct people's participation in development and local governance.
Statements 2 and 4 are incorrect: Political accountability is a general feature of representative democracy rather than a distinct core object specific to PRIs, and financial mobilisation was not the foundational rationale behind the Panchayati Raj system.
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