Which of the following statements are true regarding Bihar's budget 2025-26?
1. Revenue surplus in 2025-26 is estimated to be 0.8 percent of GSDP as compared to a revenue deficit of 4.1 percent of GSDP in 2024-25.
2. Fiscal deficit for 2025-26 is targeted at 3 percent of GSDP. In the year 2024-25 it is expected to be 9.2 percent of GSDP.
3. In 2023-24, Bihar's per capita GSDP at current prices is less than one third of India's per capita GSDP.

Correct option is A

The correct answer is (a) 1, 2 and 3 are true

Explanation:
• Bihar's 2025-26 budget shows an improvement in fiscal health, projecting a revenue surplus.
• The fiscal deficit is being brought down toward the FRBM limit of 3%.
• Per capita GSDP of Bihar historically remains the lowest in India, consistently staying below one-third of the national average.

Information Booster:
• The Bihar Economic Survey is presented a day before the budget.
• Education and Rural Development usually receive the highest allocations in Bihar.

Additional Knowledge:
2 and 3 are true (Option b)
• Incomplete as statement 1 is also true based on budget estimates.
1 and 3 are true (Option c)
• Incomplete as statement 2 is also true.
1 and 2 are true (Option d)
• Incomplete as statement 3 is a well-known economic fact for Bihar.

So the correct answer is (a)