Consider the following statements about fiscal terms in India:

1. Capital Expenditure is incurred with the purpose of increasing durable assets or reducing recurring liabilities, such as constructing schools or hospitals.

2. Revenue Receipts involve funds received that directly increase the government's liabilities.

3. Fiscal Deficit refers to the difference between total expenditure and the sum of revenue receipts and non-debt receipts.

Select the correct answer using the code given below: