Q. Consider the following statements regarding Reserve Bank of India:1. It is a banker to the Central Government .2. It formulates and administers monetary policy.3. It acts as an agent of the Government in respect of India's membership of        IMF.4. It handles the borrowing programme of government of India.Which of these statements are correct ? 

1. 1 and 2
2. 2,3 and 4
3. 1,2,3 and 4
4. 3 and 4