In which year "Panchayati Raj" was passed in Lok Sabha and Rajya Sabha?

1992

The correct answer is Option 3 - 1992

 "Panchayati Raj" was passed in Loksabha and Rajaysabha 1992.

Panchayati Raj Act ( 73rd Amendment of the Constitution of India ) was passed by the Parliament of India in 1992. The 73rd Amendment aimed at promoting local self-governance through Panchayati Raj Institutions in rural areas of India.