Consider the following statements:
Statement I: The average monthly income of rural households increased by 57.6%.
Statement II: Government schemes like the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) contributed to the rise in rural incomes by providing livelihood security.
Statement III: The rise in the rural female labour force participation rate, from 19.7% in 2018-19 to 27.7% in 2020-21, contributed to the increase in rural income.
Which one of the following is correct in respect of the above statements?
1
Both statements-II and III are correct and both of them explain statement-I
2
Both statements-II and III are correct, but only one of them explains statement-I
3
Only one of the statements II and III is correct and that explains statement-I
4
Neither statement-II nor statement-III is correct