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The Constitution (Seventy-Third Amendment) Act, 1992, otherwise known as the Panchayati Raj Act was passed by the Indian government to promote decentralized government and empower local governments. This act provides for three main components:
1. Constitution of District Planning Committees: These committees are responsible for planning at the district level. The Act provides for the institutionalization of these committees, integrating rural and urban planning.
2. State Election Commissions Conducting All Panchayat Elections: The Act mandates that the State Election Commission independently conducts elections to the Panchayats. It protects the election process`s integrity, ensuring that it remains free and fair.
3. Establishment of State Finance Commissions: The Act provides for the creation of Finance Commissions in every state, which reviews the Panchayats` financial position.
For these reasons, the correct answer is 4, which includes all of the provisions provided by the Constitution (Seventy-Third Amendment) Act, 1992.