Consider the following statements about the Indian Constitution:
1. Article 292 of the Constitution deals with the borrowing power of the Government of India.
2. The Finance Commission plays a crucial role in regulating the borrowing limits of states.
3. The Center can impose restrictions on borrowing limits to maintain fiscal discipline.
Which of the statements given above is/are correct?
1
1 and 3 only
2
2 and 3 only
3
1 and 2 only
4
1, 2, and 3