With reference to Economic Survey 2022-23, consider the following statements regarding Social Sector:
1. The social sector expenditure increased to ₹21.3 lakh crore in FY-23 (BE) from ₹9.1 lakh crore seven years ago.
2. Unemployment rates declined from 5.8% in 2018-19 to 4.2% in 2020-21.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
More than one of the above
5
None of the above