The economies across the world have undertaken massive use of “Above-the-line” fiscal policy measures, the full cost of which reflects in the fiscal deficit and government debt. Which of the following are the “Above-the-line” fiscal measures?

1. Spending on unemployment benefits

2. Tax relief measures

3. Special Credit Facility to Street Vendors

Select the correct answer using the code given below.

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3

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