Consider the following statements:
1.
The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general(combine(d) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
2.
The Central Government has domestic liabilities 0f 21% of GDP as compared to that of 49% of GDP of the State Governments.
3.
As per the Constitution of India, it is mandatory for a State to take the Central Government"s consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
(a)
1 only
(b)
2 and 3 only
(c)
1 and 3 only
(d)
1, 2 and 3