Consider the following statements regarding BIMARU States.

1. The states account for more than 50% of the population of India and the literacy rate of the BIMARU states is less than the national average.

2. The term "BIMARU states" was first used in the first union budget after independence.

Which of the following statements is/are incorrect?

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

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