Directions: In the question below, a set of four statements is given, followed by some answer options to categorize these statements as facts, inferences and judgments. Consider the statements and decide which of the choices is true.

F: Fact: If it relates to a known matter of direct observation, or an existing reality or something known to be true. J: Judgment: If it is an opinion or estimate or anticipation of common sense or intention. I: Inference: If it is a logical conclusion or deduction about something, based on the knowledge of facts.

1. Moody's Investors' Service, in its latest analysis of the country's budget 2007, pointed out the profound dilemmas of poverty and lack of inclusion though the economic growth rate is unprecedented.
2. Moody's may not be out of place in believing that in providing higher allocations to education, health and infrastructure, the thrust of the fiscal planners is to achieve 'shining India'‌ feeling.
   
3. The reduction of indirect taxes and excise duties is not an effective anti-dote to the inflationary pressures and rising prices are a serious jolt to the growing economy.
4. The 2007-08 Budget confirms the helplessness of the policy makers who admit that higher interest rates and increasing market volatility may dampen the spirit of the investors.