Solution:Panchayati Raj is the system of local self government in India as introduced by the Constitutional Amendment in 1992.
According to the Constitution (Seventy-Third Amendment) Act, 1992, Gram Sabha means a body consisting of persons registered in the electoral rolls relating to a village comprised within the area of Panchayat at the village level.
All the seats in a Panchayat are filled by persons chosen by direct election from territorial constituencies in the Panchayat area.
Hence, statement 1 and 2 are correct. The legislature of a State may, by law, endow the Panchayats with such powers and authority as may be necessary to enable them to function as institutions of self-government.
Hence, statement 4 is also correct. Within the constitutional framework, ‘Panchayats’ is a State subject. Hence, the Panchayat does not work on the principle of constitutional autonomy. Hence, statement 3 is incorrect.