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The correct answer is option (c): 1 and 3 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2018, GS Paper 1, as Question 9. It falls under Indian Economy > Fiscal Policy & Budget.
This question is rated "difficult". It is a challenging question that demands deep subject knowledge and analytical thinking.
UPSC has asked 41 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.