Question

Consider the following statements about Fiscal Policy statements mandated under FRBM Act. 1. Macroeconomic Framework Statement contains an assessment of the growth prospects of the economy along with the statement of specific underlying assumptions. 2. It contains an assessment of the fiscal balance of the Central Government. 3. The Medium term Fiscal Policy cum Fiscal Policy Strategy Statement sets out three year rolling targets for fiscal deficit, revenue deficit, primary deficit, tax revenue, non-tax revenue and debt of the Central government. Which of the above statements are correct

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