63. Which of the following is/are true about price subsides in India?
1. Price subsidies are often progressive unlike other subsidies.
2. They may distort markets in ways that ultimately hurt the poor. 3. They benefit wealthy household’s more than poor households.
Select the correct answer using the codes given below.
- Only 1 and 2
- Only 1 and 3
- Only 2 and 3
- All of the above