Which of the following statements are correct regarding the International Monetary Fund (IMF)?

1. India is a founder member of the IMF.

2. India's quota in the IMF is more than 4 percent.

3. Finance Minister is represented ex-officio on the IMF.

4. IMF conducts regular review of India's economic status under Article IV.

Select the correct answer using the codes given below :

1
1, 2 and 3 only
2
1, 3 and 4 only
3
2 and 4 only
4
1, 2, 3 and 4

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