Question

The 'Grama Panchayat' (Village Council) in Kerala plays a crucial role in grassroots financial empowerment by:

• A. Managing foreign exchange reserves
• B. Operating large-scale manufacturing industries
• C. Setting national interest rates
• D. Implementing decentralized planning and resource allocation

Answer 1

Answer:

D. Implementing decentralized planning and resource allocation

• Kerala's unique model of democratic decentralization empowers local self-governments to plan and implement projects.

• This brings financial decisions and resource management closer to the people, promoting a bottom-up approach to development.