Which of the following statements from the RBI report on Municipal Corporations' (MCs) revenue generation is/are correct?
- The revenue receipts of Municipal Corporations (MCs) rose by 20.1% YoY to Rs 1.7 trillion in FY24.
- The consolidated budget of Municipal Corporations shows a surplus, but it decreased from Rs 4,914 crore in FY19-20 to Rs 1,034 crore in FY20-21.
- Odisha and Telangana Municipal Corporations reported the highest borrowings relative to their revenue, with figures of 10.4% and 12.1%, respectively.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
All of the above
5
Only 1