The fundamental object of Panchayati Raj system is to ensure which among the following? 1. People's participation in development 2. Political accountability 3. Democratic decentralization 4. Financial mobilization Select the correct answer using the code given below.

1. The Panchayati Raj system in India was constitutionally established (through the 73rd Amendment Act, 1992) primarily to strengthen grassroots democracy and involve local communities in their own governance and development. 2. Statement 1: Enabling People's participation in development is a core objective. Panchayats provide a platform for citizens to engage in planning and implementing local development programs. This is a fundamental object. 3. Statement 2: While Panchayats introduce a level of accountability to the local electorate, ensuring broader 'political accountability' in the larger sense is not its singular or primary fundamental object compared to participation and decentralization. 4. Statement 3: Democratic decentralization, meaning the transfer of power and decision-making authority from central/state governments to elected local bodies, is the very essence of the Panchayati Raj system. This is a fundamental object. 5. Statement 4: While Panchayats are empowered to levy certain taxes and receive grants, 'Financial mobilization' (raising resources) is a functional aspect necessary for their operation, but not typically considered the primary 'fundamental object' in the same way as participation and decentralization are. 6. Therefore, the most accurate answer reflecting the fundamental objects are People's participation in development and Democratic decentralization (1 and 3).