Consider the following statements:
1. The revenue generated by the Central Government, including both tax and non-tax sources, exceeds the combined revenue of all States and Union Territories.
2. The total expenditure of the Central Government is higher than the cumulative expenditure of all States and Union Territories.
Select the correct answer using the code below:
1
1 only
2
2 only
3
Both 1 & 2
4
Neither 1 nor 2