Question

Consider the following statements about the budget estimates of fiscal year 2023-24. 1. The share of subsidies is more than the share of defense in Union budget allocations. 2. Interest payment on borrowings is about 25% of total expenditure. 3. Centrally sponsored schemes have higher allocation of funds than Central sector schemes. Which of the above statements are incorrect

A 1 only
B 2 only
C 1 and 2 only
D 1, 2 and 3
E 2 and 3 only
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