The recommendation of the Ashok Mehta Committee on Panchayat Raj are:
1. Creation of two tier system.
2. Reservation of seats for SC nad ST.
3. Compulsary powers of taxation to Panchayat Raj institutions.
4. Open participation of political parties in Panchayat Raj affairs.
5. If superceded elections must be held within one year.
Consider the following sources of Revenue of the Panchayats:
1. Local Authority Grant by Finance Commission
2. Assistance by Central Co-operative Banks
3. Allocations for centrally sponsored schemes
4. Allocation from State Finance Commission NABARD
Of the above the correct sources of Finance for Panchayat would be :