Consider the following statements about the impact of global financial crises on India:
1. The 2008 global financial crisis led to a sharp decline in India’s stock markets.
2. The Reserve Bank of India (RBI) responded by lowering interest rates and increasing liquidity.
3. India’s recovery from the crisis was prolonged due to weak domestic demand.
Which of the given statements is/are correct?
1
1 only
2
1 and 2
3
1, 2, and 3
4
2 only
5
None of the above