With reference to National Coal Index, consider the following statements:

1. It is a price index which reflects the change in the price level of coal on a particular month relative to the fixed base year.

2. The concept and design of the Index as well as the Representative Prices have been developed by the NITI AAYOG.

3. The base year is FY 2011-12.

Which of the statement given above is/are correct?

1
1 only
2
2 and 3 only
3
3 only
4
1, 2 and 3

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