Consider the following statements about Off Budget Borrowing:
1. Off-Budget borrowings are not included while computing the debt and the fiscal deficit of the State governments
2. Chapter II in Part X of the Constitution of India deals with the borrowing of both the Centre and States.
3. Constitution gives powers of raising foreign loans directly from external sources only to the Centre
Which of the above statements are correct?
1
1 and 2 only
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3