Consider the following statements:
1. Public Debt is defined as the debt contracted against the Public account of India.
2. The Union government has followed a deliberate strategy over the years to reduce its reliance on foreign loans in its overall loan.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
More than one of the above
5
None of the above