Identify out the incorrect statement.

It provides 40 percent seats for women as reserved.

The correct answer is Option (3) → It provides 40 percent seats for women as reserved.

• "Panchayati Raj translates literally to 'Governance by five individuals'" – This is literally correct. While practically it refers to local self-government, the literal translation is accurate.

• "It provides reservation of seat for the scheduled castes." – This is correct. The 73rd Constitutional Amendment mandates reservation for SCs and STs.

• "It provides 40 percent seats for women as reserved." – This is incorrect. The 73rd Amendment provides for 33 percent (one-third) reservation of seats for women, not 40 percent.

• "The 73rd Amendment provided a three-tier system of Panchayati Raj for all states having a population of over twenty lakhs." – This is correct. The three-tier system (village, intermediate, and district levels) applies to states with a population over 20 lakh.