Consider the following statements.
1. Revenue receipts are receipts of the government which are non-redeemable.
2. Fiscal policy creates a surplus or a deficit budget rather than a balanced budget.
3. Tax revenues consist of the proceeds of taxes and other duties levied by the central government.
Which among the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1, 2 and 3
4
3 only
5
Question Not Attempted