Consider the following statement: 1. High degree of disparity in income/wealth distribution is prevailed in India which is a characteristics feature of developing economy. 2. In India, almost 60-70% of the total population still resides in rural areas and hence they depend on agriculture for their livelihood. 3. India?s per capita income level is much high as compared with other developed countries Which among the following statement is not correct:

• A. 3 only
• B. 1 and 2
• C. 1 and 3
• D. 1 only