​Consider the following statements regarding the General Financial Rules.

1. The General Financial Rules (GFRs) are a set of rules that deal with matters that involve public finances.

2. The amendments ensure that henceforth global tenders will be disallowed in government procurement up to Rs 200 crore, as announced in the Atma Nirbhar Bharat Package.

Which of the statements given above is/are correct?

1
1 Only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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