Consider the following statements regarding the duration of Panchayat :

(i) The term of a Panchayat shall be for five years from the date of its being elected.

(ii) If it is dissolved earlier, then the elections must take place within six months of its dissolution.

(iii) A Panchayat reconstituted after premature dissolution shall have a fresh term of five years.

(iv) It shall not be necessary to hold elections if the remainder of the period is less than six months.

Choose the correct answer from the code given below :

1
Only (i) is correct
2
Only (i) and (ii) are correct
3
Only (ii) and (iii) are correct
4
Only (i), (ii) and (iv) are correct

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