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Answer

Correct Option is 1 and 2 only

"Compulsory Provision Constitution of a State Finance Commission after every five years to review the financial position of the panchayats. Hence statement 1 is correct. Fixing tenure of five years for panchayats at all levels and holding fresh elections within six months in the event of supersession of any panchayat. Hence statement 2 is correct. Voluntary Provisions Giving representation to members of the Parliament (both the Houses) and the state legislature (both the Houses) in the panchayats at different levels falling within their constituencies. Hence statement 3 is not correct. "

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