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The correct answer is option 3, which refers to the electorate for the Panchayat. Grama Sabha is a term in India that represents the general body of voters in a village. It consists of all the adult residents of the village who are eligible to vote.
Option 1, elder citizens of a village, is not correct because Grama Sabha includes all adult residents, not just the elderly population.
Option 2, the whole population of a village, is not accurate as not all individuals in the village are part of the Grama Sabha, only those who are eligible to vote.
Option 4, elected members of the Panchayat, is also incorrect. The Grama Sabha is the group from which members of the Panchayat are elected, not the elected members themselves.
In conclusion, the Grama Sabha refers to the electorate or voters of the Panchayat.