With reference to Bihar's fiscal performance and compliance with the Fiscal Responsibility and Budget Management (FRBM) Act, consider the following statements: 1. Bihar has historically maintained a revenue surplus in several years preceding the COVID-19 pandemic, largely driven by high central transfers and grants-in-aid. 2. The Bihar FRBM Act mandates that the state must eliminate its revenue deficit and maintain a revenue surplus. 3. Unlike the Union Government, state governments in India can borrow directly from international multilateral agencies without any approval or mediation from the Central Government. Which of the statements given above is/are correct?

Options:

• A: 1 and 2 only
• B: 2 and 3 only
• C: 1 and 3 only
• D: 1, 2 and 3

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