Consider the following statements : 1. Tax revenue as a p

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Consider the following statements :

1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.

2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.

Which of the statements given above is/are correct?

I.A.S. (Pre) 2017

[Fiscal Policy, Inflation Planning and Banking]

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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